Davidson Investment Advisors Sells 5,908 Shares of Comcast Co. (NASDAQ:CMCSA)

Davidson Investment Advisors lowered its stake in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 442,043 shares of the cable giant’s stock after selling 5,908 shares during the period. Comcast accounts for 1.2% of Davidson Investment Advisors’ holdings, making the stock its 25th biggest position. Davidson Investment Advisors’ holdings in Comcast were worth $18,367,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Norges Bank bought a new stake in shares of Comcast during the 4th quarter worth approximately $1,798,173,000. Moneta Group Investment Advisors LLC increased its holdings in shares of Comcast by 121,265.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 25,530,426 shares of the cable giant’s stock worth $892,799,000 after acquiring an additional 25,509,390 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Comcast by 90,788.3% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 7,660,069 shares of the cable giant’s stock worth $318,276,000 after acquiring an additional 7,651,641 shares during the last quarter. Morgan Stanley increased its holdings in shares of Comcast by 15.2% during the 4th quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock worth $1,876,273,000 after acquiring an additional 7,084,451 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of Comcast during the 2nd quarter worth approximately $360,204,000. Institutional investors own 82.85% of the company’s stock.

Comcast Trading Up 1.1 %

Comcast stock traded up $0.46 during trading hours on Monday, hitting $42.88. The stock had a trading volume of 5,128,794 shares, compared to its average volume of 18,732,975. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.13. The stock has a market cap of $172.60 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 1.05 and a beta of 1.06. Comcast Co. has a one year low of $33.78 and a one year high of $47.46. The business’s 50 day simple moving average is $43.43 and its 200-day simple moving average is $42.88.

Comcast (NASDAQ:CMCSAGet Free Report) last posted its earnings results on Thursday, October 26th. The cable giant reported $1.08 EPS for the quarter, beating the consensus estimate of $0.94 by $0.14. Comcast had a return on equity of 19.97% and a net margin of 12.54%. The firm had revenue of $30.12 billion during the quarter, compared to the consensus estimate of $29.69 billion. During the same period last year, the company earned $0.96 earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis. On average, equities analysts predict that Comcast Co. will post 3.92 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be given a dividend of $0.29 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.71%. Comcast’s dividend payout ratio (DPR) is 32.13%.

Analyst Ratings Changes

A number of research analysts recently weighed in on CMCSA shares. JPMorgan Chase & Co. boosted their target price on Comcast from $48.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, September 25th. Macquarie raised Comcast from an “underperform” rating to a “neutral” rating and set a $46.00 price objective on the stock in a report on Friday, July 28th. Seaport Res Ptn reaffirmed a “buy” rating on shares of Comcast in a report on Friday, October 6th. Oppenheimer upped their price objective on Comcast from $48.00 to $55.00 in a report on Friday, July 28th. Finally, Morgan Stanley upped their price objective on Comcast from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, July 24th. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.43.

Check Out Our Latest Analysis on Comcast

Comcast Company Profile

(Free Report)

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, advertising sales, and Sky channels.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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