Hardman Johnston Global Advisors LLC Sells 29,150 Shares of Comcast Co. (NASDAQ:CMCSA)

Hardman Johnston Global Advisors LLC reduced its stake in Comcast Co. (NASDAQ:CMCSA) by 4.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 675,535 shares of the cable giant’s stock after selling 29,150 shares during the quarter. Comcast makes up 1.1% of Hardman Johnston Global Advisors LLC’s portfolio, making the stock its 26th biggest position. Hardman Johnston Global Advisors LLC’s holdings in Comcast were worth $28,217,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avidian Wealth Enterprises LLC raised its holdings in shares of Comcast by 2.1% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 16,058 shares of the cable giant’s stock worth $671,000 after acquiring an additional 327 shares during the last quarter. Fiduciary Family Office LLC boosted its position in Comcast by 6.0% in the third quarter. Fiduciary Family Office LLC now owns 36,522 shares of the cable giant’s stock worth $1,526,000 after purchasing an additional 2,074 shares during the last quarter. Heritage Investors Management Corp grew its position in Comcast by 0.3% during the third quarter. Heritage Investors Management Corp now owns 391,122 shares of the cable giant’s stock valued at $16,337,000 after buying an additional 1,263 shares during the period. Hanlon Investment Management Inc. raised its position in Comcast by 9.8% in the third quarter. Hanlon Investment Management Inc. now owns 6,564 shares of the cable giant’s stock worth $274,000 after acquiring an additional 587 shares during the period. Finally, Clarity Financial LLC boosted its stake in Comcast by 4.4% in the third quarter. Clarity Financial LLC now owns 21,134 shares of the cable giant’s stock valued at $883,000 after acquiring an additional 893 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on CMCSA shares. Barclays lifted their price target on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday. Macquarie reissued a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a report on Friday, November 1st. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, TD Cowen cut their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $46.75.

Comcast Trading Up 0.1 %

Shares of Comcast stock opened at $42.56 on Wednesday. The company has a 50 day simple moving average of $40.89 and a two-hundred day simple moving average of $39.62. The firm has a market cap of $164.81 billion, a PE ratio of 11.44, a PEG ratio of 1.14 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 debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. During the same period in the previous year, the business earned $1.08 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Analysts expect that Comcast Co. will post 4.27 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is currently 33.33%.

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.