Dillon & Associates Inc. Sells 870 Shares of Comcast Co. (NASDAQ:CMCSA)

Dillon & Associates Inc. trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 0.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 120,053 shares of the cable giant’s stock after selling 870 shares during the quarter. Dillon & Associates Inc.’s holdings in Comcast were worth $5,282,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Northern Trust Corp raised 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 purchasing an additional 141,874 shares during the period. LSV Asset Management grew its holdings in shares of Comcast by 3.8% during the fourth quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock valued at $687,947,000 after buying an additional 570,050 shares during the last quarter. Raymond James & Associates increased its position in shares of Comcast by 2.3% during the fourth quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock worth $644,258,000 after acquiring an additional 329,278 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Comcast by 5.4% in the 4th quarter. California Public Employees Retirement System now owns 11,432,426 shares of the cable giant’s stock worth $501,312,000 after acquiring an additional 581,163 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Comcast by 2.2% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,879,580 shares of the cable giant’s stock worth $477,070,000 after purchasing an additional 231,297 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CMCSA. Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of Comcast in a research note on Monday, May 13th. Citigroup dropped their target price on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Scotiabank dropped their target price on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research note on Friday, April 26th. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and dropped their target price for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Friday, April 26th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Comcast presently has an average rating of “Moderate Buy” and a consensus target price of $49.33.

View Our Latest Analysis on CMCSA

Comcast Stock Performance

Shares of NASDAQ CMCSA traded down $0.10 during mid-day trading on Friday, hitting $39.27. The stock had a trading volume of 13,733,368 shares, compared to its average volume of 21,923,466. The firm has a market cap of $154.08 billion, a PE ratio of 10.39, a PEG ratio of 0.98 and a beta of 0.99. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The company has a 50 day moving average of $40.63 and a two-hundred day moving average of $42.16. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46.

Comcast (NASDAQ:CMCSAGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. During the same period in the prior year, the company earned $0.92 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. Research analysts predict that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is currently 32.80%.

Comcast Company Profile

(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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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