Chevy Chase Trust Holdings LLC trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA – Get Rating) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,712,074 shares of the cable giant’s stock after selling 12,305 shares during the period. Chevy Chase Trust Holdings LLC owned 0.06% of Comcast worth $79,545,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of CMCSA. Pacer Advisors Inc. boosted its stake in shares of Comcast by 2.0% during the 3rd quarter. Pacer Advisors Inc. now owns 144,161 shares of the cable giant’s stock worth $4,228,000 after purchasing an additional 2,852 shares during the period. Bogart Wealth LLC boosted its stake in shares of Comcast by 66.7% during the 2nd quarter. Bogart Wealth LLC now owns 2,049 shares of the cable giant’s stock worth $80,000 after purchasing an additional 820 shares during the period. Fiera Capital Corp boosted its stake in shares of Comcast by 1.9% during the 2nd quarter. Fiera Capital Corp now owns 22,519 shares of the cable giant’s stock worth $884,000 after purchasing an additional 416 shares during the period. FirstPurpose Wealth LLC boosted its position in Comcast by 19.3% in the 3rd quarter. FirstPurpose Wealth LLC now owns 7,854 shares of the cable giant’s stock valued at $230,000 after buying an additional 1,268 shares during the period. Finally, American National Bank boosted its position in Comcast by 156.7% in the 3rd quarter. American National Bank now owns 3,540 shares of the cable giant’s stock valued at $104,000 after buying an additional 2,161 shares during the period. 82.23% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently commented on CMCSA shares. Pivotal Research reduced their price target on shares of Comcast from $47.00 to $42.00 in a report on Thursday, October 27th. Wells Fargo & Company upgraded shares of Comcast from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $30.00 to $38.00 in a research note on Monday, December 5th. Daiwa Capital Markets reduced their price objective on shares of Comcast to $36.00 in a research note on Tuesday, November 1st. Scotiabank reduced their price objective on shares of Comcast from $47.00 to $43.00 and set a “sector outperform” rating for the company in a research note on Monday, October 17th. Finally, Morgan Stanley reduced their price objective on shares of Comcast from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, October 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $44.57.
Comcast Trading Down 1.3 %
Comcast (NASDAQ:CMCSA – Get Rating) last issued its quarterly earnings results on Thursday, October 27th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.07. Comcast had a net margin of 4.46% and a return on equity of 17.61%. The company had revenue of $29.85 billion during the quarter, compared to the consensus estimate of $29.68 billion. Equities research analysts anticipate that Comcast Co. will post 3.6 EPS for the current fiscal year.
Comcast Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Shareholders of record on Wednesday, January 4th will be issued a dividend of $0.27 per share. The ex-dividend date is Tuesday, January 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 2.72%. Comcast’s payout ratio is currently 93.91%.
Comcast Company Profile
Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.
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