Comcast Co. (NASDAQ:CMCSA) Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 435,488 shares of the cable giant's stock after selling 7,166 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Comcast were worth $16,344,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CMCSA. BIP Wealth LLC raised its stake in Comcast by 16.5% during the third quarter. BIP Wealth LLC now owns 7,616 shares of the cable giant's stock worth $318,000 after purchasing an additional 1,078 shares during the period. Prospera Private Wealth LLC raised its position in shares of Comcast by 12.1% in the 3rd quarter. Prospera Private Wealth LLC now owns 11,507 shares of the cable giant's stock worth $481,000 after buying an additional 1,243 shares during the period. Strategy Asset Managers LLC boosted its holdings in Comcast by 52.9% in the third quarter. Strategy Asset Managers LLC now owns 9,122 shares of the cable giant's stock valued at $381,000 after acquiring an additional 3,155 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Comcast during the third quarter valued at about $10,003,000. Finally, Advisors Asset Management Inc. increased its stake in Comcast by 2.6% during the third quarter. Advisors Asset Management Inc. now owns 542,115 shares of the cable giant's stock worth $22,644,000 after acquiring an additional 13,707 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

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Comcast Stock Down 0.4 %

Shares of CMCSA traded down $0.15 during midday trading on Monday, hitting $36.60. The company had a trading volume of 34,932,733 shares, compared to its average volume of 19,872,572. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The company's 50 day moving average price is $35.84 and its 200 day moving average price is $39.05. The stock has a market cap of $138.39 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, equities research analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast's previous quarterly dividend of $0.31. Comcast's payout ratio is currently 31.81%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several research analyst reports. Barclays reduced their price objective on Comcast from $42.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. StockNews.com upgraded shares of Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. BNP Paribas raised shares of Comcast from an "underperform" rating to a "neutral" rating and set a $35.00 target price on the stock in a research note on Friday, January 31st. Morgan Stanley decreased their price target on shares of Comcast from $45.00 to $38.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Finally, Sanford C. Bernstein set a $38.00 price objective on Comcast in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $43.83.

Comcast Company Profile

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.