Comcast Co. (NASDAQ:CMCSA) Holdings Trimmed by Pathstone Holdings LLC

Pathstone Holdings LLC cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 28.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,350,903 shares of the cable giant’s stock after selling 542,967 shares during the quarter. Pathstone Holdings LLC’s holdings in Comcast were worth $56,427,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Capital Investment Advisors LLC raised its position in shares of Comcast by 4.5% during the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after purchasing an additional 1,550 shares during the period. First Hawaiian Bank raised its holdings in Comcast by 8.9% during the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after buying an additional 15,664 shares during the period. Douglas Lane & Associates LLC lifted its stake in Comcast by 0.7% during 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 buying an additional 15,807 shares in the last quarter. Wulff Hansen & CO. boosted its holdings in shares of 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 buying an additional 544,123 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in shares of Comcast in the first quarter worth approximately $773,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

CMCSA stock opened at $43.00 on Tuesday. The firm has a 50 day moving average of $41.67 and a two-hundred day moving average of $39.93. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The company has a market capitalization of $164.54 billion, a price-to-earnings ratio of 11.56, a P/E/G ratio of 1.63 and a beta of 1.00. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14.

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

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders 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 dividend yield of 2.88%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio is 33.33%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CMCSA. Barclays raised their price objective on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their target price on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Benchmark reissued a “buy” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday, October 30th. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Finally, TD Cowen lowered their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and an average target price of $46.88.

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.