Asset Management One Co. Ltd. Sells 10,435 Shares of Comcast Co. (NASDAQ:CMCSA)

Asset Management One Co. Ltd. trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,511,190 shares of the cable giant’s stock after selling 10,435 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Comcast were worth $63,122,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Fairscale Capital LLC purchased a new stake in Comcast during the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC bought a new position in Comcast in the 2nd quarter worth $27,000. IAG Wealth Partners LLC boosted its holdings in Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after buying an additional 522 shares during the period. McClarren Financial Advisors Inc. boosted its holdings in shares of Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares during the last quarter. Finally, Archer Investment Corp boosted its holdings in shares of Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday. Benchmark reiterated a “buy” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, October 30th. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $47.75 to $48.00 in a report on Friday. Macquarie reissued a “neutral” rating and set a $40.00 target price on shares of Comcast in a report on Friday. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $46.75.

Comcast Price Performance

Shares of CMCSA traded down $0.63 during trading hours on Monday, reaching $42.93. The company had a trading volume of 1,239,842 shares, compared to its average volume of 19,594,580. The firm has a 50 day simple moving average of $40.80 and a 200-day simple moving average of $39.58. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $166.25 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 1.15 and a beta of 1.00. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 11.92% and a return on equity of 19.81%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 earnings per share. Research analysts expect that Comcast Co. will post 4.24 earnings per share for the current year.

Comcast Dividend Announcement

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

Comcast 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.