Vanguard Group Inc. Cuts Stock Position in Comcast Co. (NASDAQ:CMCSA)

Vanguard Group Inc. trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 369,534,167 shares of the cable giant's stock after selling 1,388,951 shares during the quarter. Vanguard Group Inc. owned 9.77% of Comcast worth $13,868,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. World Investment Advisors LLC grew its holdings in Comcast by 904.0% during the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant's stock valued at $10,632,000 after purchasing an additional 229,192 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Comcast during the 4th quarter valued at about $743,681,000. Bfsg LLC increased its holdings in Comcast by 752.8% in the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant's stock worth $3,129,000 after acquiring an additional 73,590 shares in the last quarter. Mission Wealth Management LP raised its stake in Comcast by 8.3% during the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock worth $1,633,000 after acquiring an additional 3,344 shares during the period. Finally, Robinson Value Management Ltd. lifted its holdings in Comcast by 136.7% during the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant's stock valued at $3,842,000 after purchasing an additional 59,107 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Morgan Stanley dropped their target price on shares of Comcast from $45.00 to $38.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Rosenblatt Securities cut their price objective on shares of Comcast from $45.00 to $36.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Bank of America lowered 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. BNP Paribas upgraded shares of Comcast from an "underperform" rating to a "neutral" rating and set a $35.00 price target on the stock in a research note on Friday, January 31st. Finally, Citigroup cut their price objective on Comcast from $47.00 to $44.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.64.

Comcast Stock Performance

Comcast stock traded up $0.13 during midday trading on Thursday, hitting $37.50. 3,308,926 shares of the company were exchanged, compared to its average volume of 19,817,908. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The firm has a market capitalization of $141.77 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The business has a fifty day simple moving average of $35.87 and a two-hundred day simple moving average of $39.02. 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 (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS 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 earnings per share for the current year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.52%. This is an increase from Comcast's previous quarterly dividend of $0.31. Comcast's dividend payout ratio is 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.