Clarkston Capital Partners LLC Has $28.24 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Clarkston Capital Partners LLC decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 676,042 shares of the cable giant’s stock after selling 1,853 shares during the quarter. Clarkston Capital Partners LLC’s holdings in Comcast were worth $28,238,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Capital Investment Advisors LLC grew its position in shares of Comcast by 4.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after buying an additional 1,550 shares during the period. First Hawaiian Bank grew its holdings in Comcast by 8.9% during the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock valued at $7,513,000 after purchasing an additional 15,664 shares during the period. Douglas Lane & Associates LLC increased its stake in Comcast by 0.7% in the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock valued at $92,331,000 after purchasing an additional 15,807 shares in the last quarter. Wulff Hansen & CO. raised its holdings in Comcast by 3,816.0% in the second quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant’s stock worth $21,866,000 after purchasing an additional 544,123 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of Comcast during the first quarter worth $773,000. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several research reports. Benchmark reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research report on Wednesday, October 30th. Pivotal Research upped their price objective on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Barclays boosted their target price on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. KeyCorp raised their price target on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, TD Cowen cut their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.75.

Comcast Price Performance

Shares of Comcast stock opened at $42.88 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $164.08 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The company has a 50-day simple moving average of $41.61 and a two-hundred day simple moving average of $39.89.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Comcast’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.08 EPS. Analysts forecast that Comcast Co. will post 4.25 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is presently 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.