Swiss National Bank Sells 116,800 Shares of Comcast Co. (NASDAQ:CMCSA)

Swiss National Bank decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,618,200 shares of the cable giant’s stock after selling 116,800 shares during the period. Swiss National Bank owned about 0.30% of Comcast worth $485,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Capital Investment Advisors LLC boosted its holdings in Comcast by 4.5% in the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after buying an additional 1,550 shares during the period. First Hawaiian Bank boosted its holdings in Comcast by 8.9% in the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after buying an additional 15,664 shares during the period. Douglas Lane & Associates LLC boosted its holdings in Comcast by 0.7% in the 3rd quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after buying an additional 15,807 shares during the period. Wulff Hansen & CO. boosted its holdings in Comcast by 3,816.0% in the 2nd quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant’s stock worth $21,866,000 after buying an additional 544,123 shares during the period. Finally, Quadrature Capital Ltd bought a new position in Comcast in the 1st quarter worth $773,000. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ CMCSA opened at $42.88 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The firm’s 50 day moving average price is $41.61 and its 200-day moving average price is $39.88. 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 $164.08 billion, a PE ratio of 11.53, a P/E/G ratio of 1.63 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same period last year, the firm earned $1.08 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Sell-side analysts forecast that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.89%. Comcast’s dividend payout ratio is presently 33.33%.

Analysts Set New Price Targets

CMCSA has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. Finally, Macquarie reiterated a “neutral” rating and issued a $40.00 price target on shares of Comcast in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Comcast has a consensus rating of “Moderate Buy” and a consensus target price of $46.75.

Comcast Company Profile

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.