Comcast Corporation $CMCSA Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its position in Comcast Corporation (NASDAQ:CMCSA) by 20.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,922,265 shares of the cable giant’s stock after selling 1,515,765 shares during the period. Bank of Montreal Can’s holdings in Comcast were worth $211,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Cranbrook Wealth Management LLC raised its position in Comcast by 86.0% during the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after acquiring an additional 350 shares during the period. Global Trust Asset Management LLC raised its position in Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after acquiring an additional 671 shares during the period. Abound Financial LLC acquired a new position in Comcast during the first quarter worth $29,000. Ransom Advisory Ltd acquired a new position in Comcast during the first quarter worth $29,000. Finally, Princeton Global Asset Management LLC raised its position in Comcast by 403.5% during the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after acquiring an additional 686 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $26.98 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $45.22. The firm has a 50-day simple moving average of $31.26 and a 200-day simple moving average of $33.27. The stock has a market capitalization of $99.62 billion, a price-to-earnings ratio of 4.49, a price-to-earnings-growth ratio of 1.89 and a beta of 0.92.

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

Comcast Dividend Announcement

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

Analysts Set New Price Targets

CMCSA has been the subject of a number of research analyst reports. The Goldman Sachs Group restated a “neutral” rating and set a $30.00 price objective (down from $39.00) on shares of Comcast in a research report on Friday. Pivotal Research reduced their price objective on shares of Comcast from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Friday. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research report on Tuesday, October 14th. Moffett Nathanson increased their target price on shares of Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Finally, Scotiabank reduced their target price on shares of Comcast from $45.50 to $41.50 and set a “sector perform” rating for the company in a research report on Friday. Eleven analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $36.60.

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.