Pathstone Holdings LLC trimmed its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 28.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,350,903 shares of the cable giant's stock after selling 542,967 shares during the period. Pathstone Holdings LLC's holdings in Comcast were worth $56,427,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. Lindenwold Advisors INC lifted its position in shares of Comcast by 1.7% in the third quarter. Lindenwold Advisors INC now owns 30,908 shares of the cable giant's stock valued at $1,291,000 after acquiring an additional 522 shares in the last quarter. Aviance Capital Partners LLC increased its position in Comcast by 17.6% in the third quarter. Aviance Capital Partners LLC now owns 64,300 shares of the cable giant's stock worth $2,686,000 after purchasing an additional 9,640 shares during the last quarter. Baron Wealth Management LLC bought a new position in Comcast during the third quarter valued at $273,000. OneAscent Wealth Management LLC lifted its position in Comcast by 2.7% during the third quarter. OneAscent Wealth Management LLC now owns 11,613 shares of the cable giant's stock valued at $485,000 after purchasing an additional 305 shares during the last quarter. Finally, Aviso Wealth Management increased its holdings in shares of Comcast by 86.0% in the 3rd quarter. Aviso Wealth Management now owns 40,420 shares of the cable giant's stock worth $1,688,000 after buying an additional 18,689 shares during the last quarter. Institutional investors own 84.32% of the company's stock.
Analysts Set New Price Targets
CMCSA has been the topic of several analyst reports. StockNews.com lowered Comcast from a "strong-buy" rating to a "buy" rating in a report on Tuesday, September 24th. Benchmark restated a "buy" rating and set a $60.00 target price on shares of Comcast in a research report on Tuesday. Scotiabank upgraded Comcast from a "sector perform" rating to a "sector outperform" rating and increased their price target for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Pivotal Research upped their price objective on Comcast from $47.00 to $54.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $45.00 target price on shares of Comcast in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $47.19.
View Our Latest Stock Analysis on Comcast
Comcast Stock Performance
NASDAQ:CMCSA traded down $0.68 during mid-day trading on Tuesday, hitting $42.32. The company's stock had a trading volume of 21,731,300 shares, compared to its average volume of 19,630,316. The business's fifty day moving average is $41.73 and its two-hundred day moving average is $39.95. The stock has a market cap of $161.94 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.63 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. 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 released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $31.78 billion. During the same quarter last year, the business earned $1.08 earnings per share. The firm's revenue was up 6.5% on a year-over-year basis. Analysts anticipate that Comcast Co. will post 4.25 EPS for the current fiscal year.
Comcast Dividend Announcement
The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.93%. Comcast's dividend payout ratio is currently 33.33%.
Comcast Profile
(
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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