Wrapmanager Inc. Has $917,000 Stake in Comcast Co. (NASDAQ:CMCSA)

Wrapmanager Inc. lessened its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 57.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,961 shares of the cable giant's stock after selling 29,342 shares during the period. Wrapmanager Inc.'s holdings in Comcast were worth $917,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CMCSA. Edgestream Partners L.P. grew its stake in Comcast by 8.0% during the first quarter. Edgestream Partners L.P. now owns 47,974 shares of the cable giant's stock valued at $2,080,000 after acquiring an additional 3,553 shares in the last quarter. Lake Street Advisors Group LLC lifted its holdings in shares of Comcast by 50.1% in the 1st quarter. Lake Street Advisors Group LLC now owns 46,838 shares of the cable giant's stock worth $2,030,000 after acquiring an additional 15,634 shares during the last quarter. Oxford Financial Group LTD. LLC lifted its holdings in shares of Comcast by 8.1% in the 1st quarter. Oxford Financial Group LTD. LLC now owns 5,976 shares of the cable giant's stock worth $259,000 after acquiring an additional 449 shares during the last quarter. Pitcairn Co. lifted its holdings in shares of Comcast by 4.7% in the 1st quarter. Pitcairn Co. now owns 59,903 shares of the cable giant's stock worth $2,597,000 after acquiring an additional 2,714 shares during the last quarter. Finally, InterOcean Capital Group LLC increased its stake in Comcast by 6.0% in the 1st quarter. InterOcean Capital Group LLC now owns 11,109 shares of the cable giant's stock worth $482,000 after buying an additional 630 shares during the period. Institutional investors own 84.32% of the company's stock.

Comcast Stock Down 1.2 %

NASDAQ CMCSA traded down $0.53 during trading hours on Tuesday, hitting $42.47. The company had a trading volume of 8,130,983 shares, compared to its average volume of 19,571,588. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The company has a market capitalization of $162.51 billion, a price-to-earnings ratio of 11.47, a P/E/G 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. The firm's 50 day moving average is $41.67 and its 200 day moving average is $39.93.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $1.08 earnings per share. Sell-side analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company 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. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.92%. Comcast's payout ratio is 33.33%.

Analysts Set New Price Targets

A number of research analysts have commented on CMCSA shares. Wells Fargo & Company raised their target price on shares of Comcast from $43.00 to $46.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. Pivotal Research lifted their price objective on shares of Comcast from $47.00 to $54.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Scotiabank upgraded shares of Comcast from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Finally, TD Cowen decreased their target price on shares of Comcast from $50.00 to $48.00 and set a "buy" rating for the company in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $47.19.

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.