Clark Estates Inc. NY Has $2.85 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Clark Estates Inc. NY reduced its holdings in Comcast Co. (NASDAQ:CMCSA) by 7.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,100 shares of the cable giant’s stock after selling 5,450 shares during the quarter. Clark Estates Inc. NY’s holdings in Comcast were worth $2,845,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. XML Financial LLC increased its holdings in shares of Comcast by 15.0% in the first quarter. XML Financial LLC now owns 40,475 shares of the cable giant’s stock valued at $1,755,000 after purchasing an additional 5,294 shares in the last quarter. New Covenant Trust Company N.A. acquired a new stake in Comcast in the first quarter worth about $216,000. Pacific Center for Financial Services boosted its stake in shares of Comcast by 14.5% in the 1st quarter. Pacific Center for Financial Services now owns 7,464 shares of the cable giant’s stock valued at $324,000 after purchasing an additional 945 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Comcast during the first quarter worth approximately $365,000. Finally, Sanibel Captiva Trust Company Inc. raised its position in shares of Comcast by 3.0% during the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 400,203 shares of the cable giant’s stock valued at $17,349,000 after acquiring an additional 11,668 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CMCSA has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price objective on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Benchmark reiterated a “buy” rating and set a $60.00 target price on shares of Comcast in a report on Tuesday, November 19th. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Wednesday, November 6th. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Finally, StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and an average target price of $47.19.

Comcast Stock Down 1.3 %

Shares of CMCSA opened at $42.64 on Wednesday. The firm has a 50 day simple moving average of $42.13 and a two-hundred day simple moving average of $40.11. The company has a market cap of $163.16 billion, a P/E ratio of 11.46, a P/E/G ratio of 1.63 and a beta of 1.00. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72.

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 firm had revenue of $32.07 billion during 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 quarter in the prior year, the business earned $1.08 earnings per share. Research analysts forecast that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared 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. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio 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.