Summit Global Investments lowered its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 71.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,038 shares of the cable giant's stock after selling 44,646 shares during the period. Summit Global Investments' holdings in Comcast were worth $753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in CMCSA. Capital World Investors boosted its stake in Comcast by 7.4% during the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant's stock worth $5,015,737,000 after buying an additional 7,929,963 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Comcast by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant's stock worth $1,500,722,000 after purchasing an additional 1,000,626 shares during the period. Price T Rowe Associates Inc. MD raised its position in Comcast by 41.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant's stock valued at $1,214,512,000 after purchasing an additional 8,243,302 shares during the period. Ontario Teachers Pension Plan Board raised its position in Comcast by 25,881.7% in the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant's stock valued at $470,391,000 after purchasing an additional 10,809,231 shares during the period. Finally, First Pacific Advisors LP boosted its position in shares of Comcast by 2.1% during the second quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant's stock worth $423,633,000 after buying an additional 219,894 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:CMCSA opened at $43.91 on Friday. 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 company has a 50-day moving average price of $41.18 and a 200 day moving average price of $39.71. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The company has a market cap of $168.02 billion, a P/E ratio of 11.80, a PEG ratio of 1.71 and a beta of 1.00.
Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating 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 company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter last year, the company earned $1.08 earnings per share. Comcast's quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts predict that Comcast Co. will post 4.25 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.82%. The ex-dividend date is Wednesday, January 8th. Comcast's dividend payout ratio (DPR) is 33.33%.
Several equities analysts recently issued reports on the company. Wells Fargo & Company increased their target price on Comcast from $43.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. KeyCorp boosted their price target on shares of Comcast from $44.00 to $47.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Rosenblatt Securities reiterated a "neutral" rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday. Scotiabank raised shares of 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 report on Friday, November 1st. Finally, StockNews.com cut shares of Comcast from a "strong-buy" rating to a "buy" rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $46.75.
View Our Latest Stock Analysis on Comcast
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.
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