Comcast Corporation $CMCSA Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. trimmed its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 28.9% in the second quarter, Holdings Channel reports. The firm owned 326,931 shares of the cable giant’s stock after selling 132,927 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Comcast were worth $11,668,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Brighton Jones LLC lifted its holdings in shares of Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after acquiring an additional 99,986 shares during the last quarter. LPL Financial LLC raised its position in Comcast by 13.3% in the first quarter. LPL Financial LLC now owns 3,894,950 shares of the cable giant’s stock valued at $143,724,000 after purchasing an additional 457,052 shares during the period. Sheaff Brock Investment Advisors LLC boosted its position in shares of Comcast by 4.1% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 10,425 shares of the cable giant’s stock worth $385,000 after buying an additional 409 shares during the period. Prosperity Consulting Group LLC grew its stake in shares of Comcast by 40.0% in the first quarter. Prosperity Consulting Group LLC now owns 12,021 shares of the cable giant’s stock valued at $444,000 after buying an additional 3,432 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of Comcast by 7.4% in the first quarter. Mackenzie Financial Corp now owns 905,052 shares of the cable giant’s stock valued at $33,396,000 after buying an additional 62,461 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Up 0.8%

Comcast stock opened at $26.68 on Wednesday. The stock has a market cap of $97.22 billion, a PE ratio of 4.44, a P/E/G ratio of 1.82 and a beta of 0.92. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The stock’s fifty day moving average is $29.24 and its two-hundred day moving average is $32.50. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $43.45.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The business had revenue of $30.34 billion for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. On average, sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a $0.33 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 annualized dividend and a dividend yield of 4.9%. Comcast’s dividend payout ratio is presently 21.96%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CMCSA. Moffett Nathanson decreased their target price on Comcast from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. Cowen reaffirmed a “buy” rating on shares of Comcast in a research note on Friday, October 31st. Sanford C. Bernstein reduced their target price on shares of Comcast from $36.00 to $34.00 and set a “market perform” rating on the stock in a report on Friday, October 31st. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Comcast from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Eleven analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $35.92.

Comcast 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.