Comcast Corporation $CMCSA Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. reduced its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 86.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,370 shares of the cable giant’s stock after selling 82,369 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Comcast were worth $442,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Dodge & Cox increased its holdings in shares of Comcast by 19.1% in the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after acquiring an additional 15,115,074 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in Comcast by 1.4% during the second quarter. First Eagle Investment Management LLC now owns 35,905,236 shares of the cable giant’s stock worth $1,281,458,000 after purchasing an additional 490,923 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Comcast by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock worth $1,240,955,000 after buying an additional 926,663 shares during the last quarter. Nuveen LLC acquired a new position in shares of Comcast in the 1st quarter valued at $940,015,000. Finally, Harris Associates L P grew its position in shares of Comcast by 0.5% in the 1st quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock valued at $759,938,000 after buying an additional 111,662 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ CMCSA opened at $27.45 on Wednesday. The business has a 50 day moving average price of $30.49 and a 200 day moving average price of $33.00. The company has a market capitalization of $100.02 billion, a P/E ratio of 4.57, a PEG ratio of 1.76 and a beta of 0.92. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $44.20. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

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

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio is 21.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CMCSA shares. Citigroup reduced their price target on shares of Comcast from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Barclays reduced their target price on Comcast from $34.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, November 3rd. Bank of America dropped their price target on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. TD Cowen decreased their price objective on Comcast from $46.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, Sanford C. Bernstein lowered their target price on shares of Comcast from $36.00 to $34.00 and set a “market perform” rating on the stock in a research report on Friday, October 31st. Ten equities research 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $36.29.

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.