Comcast Co. (NASDAQ:CMCSA) Stock Holdings Reduced by TCW Group Inc.

TCW Group Inc. decreased its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,209,272 shares of the cable giant's stock after selling 47,793 shares during the quarter. TCW Group Inc.'s holdings in Comcast were worth $50,511,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CMCSA. Fairscale Capital LLC purchased a new position in Comcast during the second quarter worth $26,000. Strategic Financial Concepts LLC purchased a new stake in Comcast in the 2nd quarter worth approximately $27,000. IAG Wealth Partners LLC raised its holdings in Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant's stock valued at $30,000 after acquiring an additional 522 shares during the last quarter. McClarren Financial Advisors Inc. lifted its stake in shares of Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant's stock worth $30,000 after purchasing an additional 570 shares during the period. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of Comcast during the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Insiders Place Their Bets

In related news, CEO Brian L. Roberts sold 234,464 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares of the company's stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent research reports. Wells Fargo & Company boosted their price objective on Comcast from $43.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. StockNews.com downgraded shares of Comcast from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, December 4th. Scotiabank raised shares of Comcast from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. TD Cowen lowered their price target on shares of Comcast from $50.00 to $48.00 and set a "buy" rating for the company in a report on Friday, November 1st. Finally, Macquarie boosted their price objective on shares of Comcast from $40.00 to $42.00 and gave the stock a "neutral" rating in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $47.19.

Comcast Price Performance

CMCSA traded up $0.18 on Wednesday, reaching $39.71. The company had a trading volume of 23,908,977 shares, compared to its average volume of 19,634,055. The company has a market capitalization of $151.95 billion, a P/E ratio of 10.66, a PEG ratio of 1.63 and a beta of 0.99. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a fifty day moving average of $42.38 and a 200-day moving average of $40.32. Comcast Co. has a one year low of $36.43 and a one year high of $47.11.

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

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Wednesday, January 8th. Comcast's payout ratio is 33.33%.

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.