Comcast Corporation $CMCSA Shares Sold by Fayez Sarofim & Co

Fayez Sarofim & Co lessened its stake in Comcast Corporation (NASDAQ:CMCSA) by 11.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,335,083 shares of the cable giant’s stock after selling 178,781 shares during the quarter. Fayez Sarofim & Co’s holdings in Comcast were worth $47,649,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Foster Group Inc. increased its stake in shares of Comcast by 4.0% in the 2nd quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock worth $265,000 after acquiring an additional 282 shares during the last quarter. Argyle Capital Management LLC grew its holdings in shares of Comcast by 0.5% in the second quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock valued at $2,184,000 after purchasing an additional 300 shares during the period. Webster Bank N. A. increased its position in Comcast by 2.9% during the second quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock worth $386,000 after purchasing an additional 305 shares during the last quarter. United Asset Strategies Inc. raised its stake in Comcast by 2.2% during the first quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock worth $519,000 after purchasing an additional 308 shares during the period. Finally, Coign Capital Advisors LLC raised its stake in Comcast by 2.1% during the second quarter. Coign Capital Advisors LLC now owns 15,919 shares of the cable giant’s stock worth $568,000 after purchasing an additional 324 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 2.4%

NASDAQ:CMCSA opened at $26.65 on Tuesday. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $43.30. The stock’s fifty day moving average is $28.38 and its two-hundred day moving average is $31.98. The stock has a market capitalization of $97.11 billion, a price-to-earnings ratio of 4.43, a price-to-earnings-growth ratio of 1.87 and a beta of 0.83. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The firm had revenue of $30.34 billion for the quarter. Research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio is currently 21.96%.

Analyst Ratings Changes

CMCSA has been the subject of several analyst reports. BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price target for the company in a research note on Tuesday, November 4th. Pivotal Research reduced their price target on shares of Comcast from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Cowen reiterated a “buy” rating on shares of Comcast in a research report on Friday, October 31st. Zacks Research cut Comcast from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Finally, Daiwa Capital Markets reduced their target price on Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 18th. Eleven equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Comcast has an average rating of “Hold” and a consensus price target of $35.82.

About 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.