Comcast Co. (NASDAQ:CMCSA) Stock Holdings Lessened by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 4.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 27,962 shares of the cable giant’s stock after selling 1,415 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Comcast were worth $1,226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. State Street Corp increased its holdings in shares of Comcast by 1.9% in the 2nd quarter. State Street Corp now owns 160,119,465 shares of the cable giant’s stock worth $6,652,964,000 after acquiring an additional 2,952,552 shares during the period. Morgan Stanley increased its stake in shares of Comcast by 15.2% in the fourth quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock valued at $1,876,273,000 after purchasing an additional 7,084,451 shares during the period. Norges Bank bought a new stake in shares of Comcast during the fourth quarter valued at approximately $1,798,173,000. Northern Trust Corp boosted its position in shares of Comcast by 0.3% during the third quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock worth $2,040,522,000 after buying an additional 141,874 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Comcast by 0.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 42,448,741 shares of the cable giant’s stock worth $1,245,022,000 after buying an additional 189,845 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and cut their target price for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Evercore ISI restated an “outperform” rating and set a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Pivotal Research boosted their price target on shares of Comcast from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, December 13th. Finally, Citigroup increased their price objective on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.68.

View Our Latest Analysis on Comcast

Comcast Stock Down 0.6 %

NASDAQ:CMCSA traded down $0.25 during trading hours on Wednesday, reaching $41.56. The company’s stock had a trading volume of 9,162,295 shares, compared to its average volume of 20,019,875. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $165.07 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 0.97 and a beta of 0.98. Comcast Co. has a one year low of $36.38 and a one year high of $47.46. The business’s 50-day moving average is $43.04 and its 200-day moving average is $43.13.

Comcast (NASDAQ:CMCSAGet Free Report) last announced its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. The firm had revenue of $31.25 billion during the quarter, compared to the consensus estimate of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. Equities research analysts predict that Comcast Co. will post 4.25 EPS for the current year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a yield of 2.98%. Comcast’s dividend payout ratio (DPR) is 31.18%.

Insider Activity at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.18% of the company’s stock.

About Comcast

(Free Report)

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.

Read More

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSAFree Report).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.