MetLife Investment Management LLC lowered its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 3.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,004,129 shares of the cable giant's stock after selling 39,521 shares during the period. MetLife Investment Management LLC's holdings in Comcast were worth $41,942,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in the company. XML Financial LLC increased its stake in Comcast by 15.0% during the 1st quarter. XML Financial LLC now owns 40,475 shares of the cable giant's stock worth $1,755,000 after acquiring an additional 5,294 shares during the period. New Covenant Trust Company N.A. bought a new stake in Comcast during the first quarter worth $216,000. Pacific Center for Financial Services boosted its holdings in shares of Comcast by 14.5% in the 1st quarter. Pacific Center for Financial Services now owns 7,464 shares of the cable giant's stock valued at $324,000 after purchasing an additional 945 shares in the last quarter. LRI Investments LLC bought a new position in shares of Comcast in the 1st quarter valued at $365,000. Finally, Sanibel Captiva Trust Company Inc. raised its stake in Comcast by 3.0% during the first quarter. Sanibel Captiva Trust Company Inc. now owns 400,203 shares of the cable giant's stock worth $17,349,000 after acquiring an additional 11,668 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.
Comcast Stock Performance
Shares of NASDAQ CMCSA traded down $0.08 during mid-day trading on Wednesday, hitting $42.56. The company had a trading volume of 16,235,307 shares, compared to its average volume of 19,611,697. The stock's 50-day moving average price is $42.18 and its 200-day moving average price is $40.12. The company has a market capitalization of $162.86 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of 1.63 and a beta of 1.00. The company has a current ratio of 0.72, a quick 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 posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same period in the previous year, the firm posted $1.08 EPS. The firm's revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts forecast that Comcast Co. will post 4.26 earnings per share for the current year.
Comcast Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast's dividend payout ratio is presently 33.33%.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. TD Cowen dropped their target price on Comcast from $50.00 to $48.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Rosenblatt Securities restated a "neutral" rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, November 6th. Scotiabank upgraded Comcast from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the company from $47.75 to $48.00 in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price target on Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Benchmark reaffirmed a "buy" rating and issued a $60.00 price objective on shares of Comcast in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.19.
Check Out Our Latest Stock Analysis on CMCSA
About Comcast
(
Free Report)
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.
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