River Road Asset Management LLC Has $31.83 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

River Road Asset Management LLC trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 16.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 847,994 shares of the cable giant's stock after selling 165,918 shares during the quarter. River Road Asset Management LLC's holdings in Comcast were worth $31,825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mesirow Financial Investment Management Inc. grew its stake in shares of Comcast by 1.7% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 63,936 shares of the cable giant's stock worth $2,671,000 after purchasing an additional 1,067 shares during the last quarter. Legacy Capital Wealth Partners LLC grew its stake in shares of Comcast by 8.8% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 13,792 shares of the cable giant's stock worth $576,000 after purchasing an additional 1,117 shares during the last quarter. Tyler Stone Wealth Management grew its stake in shares of Comcast by 114.4% in the 3rd quarter. Tyler Stone Wealth Management now owns 5,222 shares of the cable giant's stock worth $218,000 after purchasing an additional 2,786 shares during the last quarter. Ashton Thomas Securities LLC grew its stake in shares of Comcast by 10.0% in the 3rd quarter. Ashton Thomas Securities LLC now owns 102,681 shares of the cable giant's stock worth $4,289,000 after purchasing an additional 9,318 shares during the last quarter. Finally, Kennebec Savings Bank acquired a new position in shares of Comcast in the 3rd quarter worth approximately $35,000. 84.32% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of Comcast from $42.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Rosenblatt Securities dropped their target price on shares of Comcast from $45.00 to $36.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Bank of America downgraded shares of Comcast from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. StockNews.com raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $43.83.

Comcast Stock Performance

Shares of Comcast stock traded down $0.16 on Tuesday, reaching $35.95. The stock had a trading volume of 32,230,794 shares, compared to its average volume of 27,760,123. The business's 50-day moving average price is $36.07 and its two-hundred day moving average price is $39.29. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The stock has a market cap of $135.93 billion, a P/E ratio of 8.66, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

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

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.67%. This is a boost from Comcast's previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast's payout ratio is presently 31.81%.

Comcast 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.