Caisse DE Depot ET Placement DU Quebec Sells 1,950,766 Shares of Comcast Co. (NASDAQ:CMCSA)

Caisse DE Depot ET Placement DU Quebec cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 33.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,935,753 shares of the cable giant’s stock after selling 1,950,766 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.10% of Comcast worth $164,396,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Koshinski Asset Management Inc. grew its holdings in Comcast by 0.8% in the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after purchasing an additional 249 shares during the period. Taurus Asset Management LLC grew its stake in Comcast by 2.9% in the 3rd quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after acquiring an additional 253 shares during the period. Regent Peak Wealth Advisors LLC increased its holdings in Comcast by 3.1% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after acquiring an additional 257 shares in the last quarter. Abich Financial Wealth Management LLC lifted its holdings in Comcast by 4.7% during the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after purchasing an additional 260 shares in the last quarter. Finally, Greenwich Wealth Management LLC grew its position in shares of Comcast by 2.7% in the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock valued at $382,000 after purchasing an additional 261 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the subject of several research reports. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. TD Cowen dropped their target price on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. Wells Fargo & Company raised their target price on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, Macquarie lifted their target price on shares of Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.19.

Comcast Stock Performance

NASDAQ:CMCSA opened at $43.19 on Friday. The company has a market cap of $165.27 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 1.61 and a beta of 1.00. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The company has a fifty day simple moving average of $42.29 and a two-hundred day simple moving average of $40.17.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter last year, the business posted $1.08 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current fiscal 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 paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio is presently 33.33%.

Insider Transactions at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

About Comcast

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.