Gulf International Bank UK Ltd cut its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 4.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 310,394 shares of the cable giant's stock after selling 14,119 shares during the period. Gulf International Bank UK Ltd's holdings in Comcast were worth $12,965,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fairscale Capital LLC purchased a new stake in Comcast in the second quarter worth approximately $26,000. Strategic Financial Concepts LLC bought a new position in Comcast in the second quarter valued at about $27,000. IAG Wealth Partners LLC boosted its holdings in shares of Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant's stock worth $30,000 after buying an additional 522 shares during the last quarter. McClarren Financial Advisors Inc. grew its position in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant's stock valued at $30,000 after buying an additional 570 shares during the period. Finally, Archer Investment Corp boosted its stake in shares of Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant's stock worth $32,000 after acquiring an additional 519 shares during the last quarter. Institutional investors own 84.32% of the company's stock.
CMCSA has been the topic of several research analyst reports. Pivotal Research boosted their price objective on Comcast from $47.00 to $54.00 and gave the company a "buy" rating in a research report on Friday. Wells Fargo & Company raised their target price on shares of Comcast from $43.00 to $46.00 and gave the company an "equal weight" rating in a research note on Friday. TD Cowen decreased their price target on shares of Comcast from $50.00 to $48.00 and set a "buy" rating on the stock in a research note on Friday. KeyCorp raised their price objective on Comcast from $44.00 to $47.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Barclays upped their price objective on Comcast from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.75.
Check Out Our Latest Stock Analysis on CMCSA
NASDAQ CMCSA opened at $42.53 on Tuesday. The stock's fifty day moving average price is $40.85 and its 200 day moving average price is $39.60. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $164.70 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 1.14 and a beta of 1.00.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion during the quarter, compared to analysts' expectations of $31.78 billion. During the same period last year, the business earned $1.08 earnings per share. Comcast's quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts forecast that Comcast Co. will post 4.27 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.92%. Comcast's payout ratio is 33.33%.
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.
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