Manchester Capital Management LLC Has $188,000 Position in Comcast Corporation $CMCSA

Manchester Capital Management LLC lessened its holdings in Comcast Corporation (NASDAQ:CMCSA) by 43.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,276 shares of the cable giant’s stock after selling 4,124 shares during the period. Manchester Capital Management LLC’s holdings in Comcast were worth $188,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Nuveen LLC bought a new position in shares of Comcast in the first quarter valued at about $940,015,000. Dodge & Cox grew its stake in 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 buying an additional 15,115,074 shares during the last quarter. Acadian Asset Management LLC lifted its position in Comcast by 119.1% during the first quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock worth $280,238,000 after acquiring an additional 4,128,434 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Comcast by 76.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 9,440,738 shares of the cable giant’s stock valued at $348,363,000 after purchasing an additional 4,096,382 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in Comcast by 23.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 19,653,569 shares of the cable giant’s stock valued at $725,217,000 after buying an additional 3,693,980 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CMCSA shares. Arete reduced their target price on shares of Comcast from $39.00 to $33.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. Morgan Stanley dropped their price objective on shares of Comcast from $35.00 to $32.00 and set an “equal weight” rating for the company in a research note on Friday, October 31st. Daiwa Capital Markets decreased their target price on shares of Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 18th. Rosenblatt Securities dropped their price target on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, October 17th. Finally, Oppenheimer set a $38.00 price target on Comcast in a research note on Tuesday, November 4th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.92.

Comcast Stock Performance

Shares of Comcast stock opened at $26.68 on Wednesday. The company has a 50 day moving average of $29.24 and a 200-day moving average of $32.50. The company has a market cap of $97.22 billion, a PE ratio of 4.44, a price-to-earnings-growth ratio of 1.82 and a beta of 0.92. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $43.45.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (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. As a group, equities research analysts forecast that Comcast Corporation will post 4.33 earnings per share 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 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 21.96%.

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.