Donaldson Capital Management LLC Lowers Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Donaldson Capital Management LLC lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 3.7% during the 3rd quarter, Holdings Channel reports. The firm owned 16,835 shares of the cable giant’s stock after selling 655 shares during the quarter. Donaldson Capital Management LLC’s holdings in Comcast were worth $703,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Koshinski Asset Management Inc. increased its stake in Comcast by 0.8% during the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after acquiring an additional 249 shares during the last quarter. Regent Peak Wealth Advisors LLC grew its stake in Comcast by 3.1% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock valued at $353,000 after purchasing an additional 257 shares in the last quarter. Abich Financial Wealth Management LLC grew its stake in Comcast by 4.7% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after purchasing an additional 260 shares in the last quarter. Greenwich Wealth Management LLC grew its stake in Comcast by 2.7% during the 2nd quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock valued at $382,000 after purchasing an additional 261 shares in the last quarter. Finally, Saxon Interests Inc. lifted its holdings in Comcast by 2.0% during the 3rd quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock worth $566,000 after buying an additional 262 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on CMCSA shares. Macquarie reaffirmed a “neutral” rating and set a $40.00 target price on shares of Comcast in a report on Friday. Benchmark restated a “buy” rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, October 30th. Pivotal Research raised their target price on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $47.75 to $48.00 in a research report on Friday. Finally, Wells Fargo & Company lifted their target price on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Comcast has a consensus rating of “Moderate Buy” and an average target price of $46.75.

Comcast Price Performance

CMCSA opened at $42.53 on Tuesday. The stock has a market cap of $164.70 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 1.15 and a beta of 1.00. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.14. The stock has a fifty day moving average price of $40.85 and a 200 day moving average price of $39.60.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.08 earnings per share. Analysts forecast that Comcast Co. will post 4.24 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.92%. Comcast’s payout ratio is 33.33%.

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.