Comcast Co. (CMCSA) Holdings Reduced by Moors & Cabot Inc.
Moors & Cabot Inc. lowered its holdings in Comcast Co. (NASDAQ:CMCSA) by 5.3% in the third quarter, HoldingsChannel.com reports. The fund owned 24,616 shares of the cable giant’s stock after selling 1,388 shares during the quarter. Moors & Cabot Inc.’s holdings in Comcast were worth $947,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Belpointe Asset Management LLC purchased a new position in shares of Comcast in the third quarter valued at $520,000. IFM Investors Pty Ltd increased its position in shares of Comcast by 2.3% in the third quarter. IFM Investors Pty Ltd now owns 132,355 shares of the cable giant’s stock valued at $5,093,000 after buying an additional 3,024 shares in the last quarter. Independent Advisor Alliance increased its position in shares of Comcast by 65.5% in the third quarter. Independent Advisor Alliance now owns 21,711 shares of the cable giant’s stock valued at $821,000 after buying an additional 8,595 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new position in shares of Comcast in the third quarter valued at $1,716,000. Finally, Wealthcare Advisory Partners LLC purchased a new position in shares of Comcast in the third quarter valued at $104,000. 82.15% of the stock is owned by institutional investors.
A number of brokerages have recently weighed in on CMCSA. Pivotal Research restated a “buy” rating and issued a $52.00 price target on shares of Comcast in a research report on Wednesday, January 24th. Wells Fargo & Co lifted their price objective on Comcast from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Bank of America lifted their price objective on Comcast from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. TD Securities lifted their price objective on Comcast from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Barclays set a $43.00 price objective on Comcast and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $47.74.
Shares of Comcast Co. (NASDAQ:CMCSA) opened at $38.19 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86. Comcast Co. has a 52 week low of $34.78 and a 52 week high of $44.00. The stock has a market capitalization of $186,476.95, a PE ratio of 8.01, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The firm had revenue of $21.92 billion for the quarter, compared to analyst estimates of $21.83 billion. During the same period last year, the company earned $0.89 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. equities analysts predict that Comcast Co. will post 2.46 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.99%. This is a positive change from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s dividend payout ratio (DPR) is presently 13.21%.
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Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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