Comcast Co. (NASDAQ:CMCSA) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 21.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,421,190 shares of the cable giant's stock after selling 11,872,031 shares during the period. Massachusetts Financial Services Co. MA owned 1.13% of Comcast worth $1,813,703,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CMCSA. Fairscale Capital LLC purchased a new stake in shares of Comcast in the 2nd quarter worth $26,000. Strategic Financial Concepts LLC purchased a new stake in Comcast in the 2nd quarter worth $27,000. IAG Wealth Partners LLC increased its stake in Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant's stock worth $30,000 after buying an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. increased its stake in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant's stock worth $30,000 after buying an additional 570 shares in the last quarter. Finally, Archer Investment Corp increased its stake in Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant's stock worth $32,000 after buying an additional 519 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Up 1.2 %

CMCSA stock traded up $0.52 during trading on Thursday, hitting $43.51. 10,909,060 shares of the company's stock traded hands, compared to its average volume of 19,654,408. The firm has a market capitalization of $166.49 billion, a P/E ratio of 11.56, a PEG ratio of 1.60 and a beta of 1.00. The business has a fifty day simple moving average of $41.82 and a two-hundred day simple moving average of $39.97. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Comcast's revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $1.08 earnings per share. Sell-side analysts anticipate that Comcast Co. will post 4.26 EPS for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.85%. Comcast's payout ratio is currently 33.33%.

Wall Street Analyst Weigh In

Several research firms have commented on CMCSA. Macquarie increased their price objective on shares of Comcast from $40.00 to $42.00 and gave the company a "neutral" rating in a report on Monday. Benchmark reissued a "buy" rating and set a $60.00 price objective on shares of Comcast in a report on Tuesday. Rosenblatt Securities reissued a "neutral" rating and set a $45.00 price objective on shares of Comcast in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Wells Fargo & Company increased their price objective on shares of Comcast from $43.00 to $46.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.19.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.