Schroder Investment Management Group Trims Position in Comcast Corporation $CMCSA

Schroder Investment Management Group lessened its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 5.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,073,985 shares of the cable giant’s stock after selling 123,884 shares during the quarter. Schroder Investment Management Group’s holdings in Comcast were worth $74,021,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cranbrook Wealth Management LLC raised its holdings in Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares in the last quarter. Global Trust Asset Management LLC boosted its stake in shares of Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 671 shares in the last quarter. Avalon Trust Co increased its position in shares of Comcast by 433.3% during the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after buying an additional 624 shares during the period. Ransom Advisory Ltd bought a new position in Comcast in the first quarter worth about $29,000. Finally, Princeton Global Asset Management LLC raised its stake in Comcast by 403.5% in the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after buying an additional 686 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on CMCSA. Seaport Res Ptn cut Comcast from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 31st. JPMorgan Chase & Co. dropped their price target on Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Pivotal Research reduced their price target on Comcast from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Moffett Nathanson lowered their price objective on Comcast from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Finally, BNP Paribas upgraded 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 equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $35.92.

Comcast Stock Up 0.6%

Shares of NASDAQ:CMCSA opened at $26.73 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The stock has a fifty day simple moving average of $28.93 and a two-hundred day simple moving average of $32.35. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $43.45. The stock has a market capitalization of $97.38 billion, a price-to-earnings ratio of 4.45, a PEG ratio of 1.83 and a beta of 0.92.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The firm had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. On average, research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is currently 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.