Comcast Corporation $CMCSA Shares Sold by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 19.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 503,371 shares of the cable giant’s stock after selling 120,906 shares during the period. Dixon Mitchell Investment Counsel Inc.’s holdings in Comcast were worth $17,992,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. Brighton Jones LLC boosted its stake in Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after purchasing an additional 99,986 shares during the period. Arkadios Wealth Advisors raised its holdings in shares of Comcast by 67.9% in the first quarter. Arkadios Wealth Advisors now owns 26,871 shares of the cable giant’s stock valued at $992,000 after buying an additional 10,864 shares during the last quarter. Moors & Cabot Inc. raised its holdings in shares of Comcast by 0.6% in the first quarter. Moors & Cabot Inc. now owns 54,163 shares of the cable giant’s stock valued at $1,999,000 after buying an additional 310 shares during the last quarter. Commerce Bank boosted its stake in shares of Comcast by 55.9% during the first quarter. Commerce Bank now owns 337,409 shares of the cable giant’s stock worth $12,450,000 after buying an additional 120,958 shares during the period. Finally, Baker Avenue Asset Management LP grew its holdings in shares of Comcast by 8.4% during the first quarter. Baker Avenue Asset Management LP now owns 9,897 shares of the cable giant’s stock worth $365,000 after buying an additional 768 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of recent research reports. Citigroup decreased their price objective on Comcast from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, October 31st. The Goldman Sachs Group restated a “neutral” rating and set a $30.00 price target (down previously from $39.00) on shares of Comcast in a research note on Friday, October 31st. Barclays lowered their price objective on shares of Comcast from $34.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Monday, November 3rd. Sanford C. Bernstein cut their price objective on shares of Comcast from $36.00 to $34.00 and set a “market perform” rating for the company in a research report on Friday, October 31st. Finally, BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a report on Tuesday, November 4th. Eleven investment 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 company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $35.92.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $26.73 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. Comcast Corporation has a one year low of $25.75 and a one year high of $43.45. The firm has a market capitalization of $97.38 billion, a P/E ratio of 4.45, a PEG ratio of 1.83 and a beta of 0.92. The company’s fifty day moving average is $28.93 and its two-hundred day moving average is $32.35.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The firm had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. Analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

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

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.