Comcast Co. (NASDAQ:CMCSA) Stock Position Lessened by W.G. Shaheen & Associates DBA Whitney & Co

W.G. Shaheen & Associates DBA Whitney & Co trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 6.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,543 shares of the cable giant’s stock after selling 357 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Comcast were worth $232,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. BIP Wealth LLC lifted its stake in Comcast by 16.5% during the third quarter. BIP Wealth LLC now owns 7,616 shares of the cable giant’s stock valued at $318,000 after buying an additional 1,078 shares in the last quarter. Prospera Financial Services Inc grew its stake in shares of Comcast by 15.1% in the 3rd quarter. Prospera Financial Services Inc now owns 307,826 shares of the cable giant’s stock valued at $12,858,000 after buying an additional 40,449 shares in the last quarter. Verity & Verity LLC boosted its holdings in Comcast by 27.4% in the third quarter. Verity & Verity LLC now owns 344,208 shares of the cable giant’s stock worth $14,378,000 after purchasing an additional 74,131 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Comcast by 271.7% in the third quarter. Meeder Asset Management Inc. now owns 66,413 shares of the cable giant’s stock worth $2,774,000 after buying an additional 48,545 shares during the last quarter. Finally, Caprock Group LLC boosted its position in Comcast by 3.8% during the third quarter. Caprock Group LLC now owns 146,544 shares of the cable giant’s stock worth $6,121,000 after purchasing an additional 5,386 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CMCSA has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Macquarie lifted their target price on Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday. Pivotal Research boosted their price target on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. KeyCorp lifted their price objective on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, Benchmark reissued a “buy” rating and set a $60.00 target price on shares of Comcast in a research report on Tuesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.19.

Comcast Stock Performance

Shares of CMCSA opened at $43.00 on Tuesday. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. 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 stock has a 50 day moving average price of $41.67 and a two-hundred day moving average price of $39.93. The firm has a market capitalization of $164.54 billion, a P/E ratio of 11.56, a P/E/G ratio of 1.63 and a beta of 1.00.

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

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.88%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is 33.33%.

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.