Davis R M Inc. Sells 22,085 Shares of Comcast Co. (NASDAQ:CMCSA)

Davis R M Inc. reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 25.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 66,399 shares of the cable giant’s stock after selling 22,085 shares during the period. Davis R M Inc.’s holdings in Comcast were worth $2,912,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Comcast during the 4th quarter worth approximately $2,542,988,000. Envestnet Asset Management Inc. grew its position in shares of Comcast by 39.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 10,065,475 shares of the cable giant’s stock worth $446,303,000 after buying an additional 2,861,358 shares during the period. Assetmark Inc. grew its holdings in Comcast by 663.0% during the fourth quarter. Assetmark Inc. now owns 2,401,702 shares of the cable giant’s stock valued at $105,315,000 after purchasing an additional 2,086,950 shares during the period. Lord Abbett & CO. LLC grew its holdings in Comcast by 43.3% during the third quarter. Lord Abbett & CO. LLC now owns 6,311,296 shares of the cable giant’s stock valued at $279,843,000 after purchasing an additional 1,907,973 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Comcast by 422.9% during the fourth quarter. SG Americas Securities LLC now owns 1,678,815 shares of the cable giant’s stock valued at $73,616,000 after purchasing an additional 1,357,756 shares during the period. 84.32% of the stock is owned by institutional investors.

Comcast Stock Performance

NASDAQ CMCSA traded down $0.19 on Wednesday, hitting $39.02. 6,398,130 shares of the stock were exchanged, compared to its average volume of 20,510,859. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The company has a market capitalization of $153.10 billion, a PE ratio of 10.26, a P/E/G ratio of 0.98 and a beta of 0.99. The business’s fifty day moving average is $40.46 and its 200 day moving average is $42.11. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. During the same period in the previous year, the company earned $0.92 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Research analysts anticipate that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be issued a $0.31 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a dividend yield of 3.18%. Comcast’s dividend payout ratio is currently 32.80%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. BNP Paribas reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Tuesday, April 9th. Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and cut their price target for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $49.33.

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.