Comcast Co. (NASDAQ:CMCSA) Shares Sold by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 25.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,290 shares of the cable giant’s stock after selling 5,480 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Comcast were worth $680,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Capital Investment Advisors LLC grew its stake in Comcast by 4.5% in the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after purchasing an additional 1,550 shares in the last quarter. First Hawaiian Bank boosted its stake in Comcast by 8.9% in the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock valued at $7,513,000 after acquiring an additional 15,664 shares during the period. Parnassus Investments LLC boosted its stake in Comcast by 3.7% in the third quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant’s stock valued at $80,232,000 after acquiring an additional 68,139 shares during the period. Douglas Lane & Associates LLC boosted its stake in Comcast by 0.7% in the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock valued at $92,331,000 after acquiring an additional 15,807 shares during the period. Finally, Wulff Hansen & CO. boosted its stake in Comcast by 3,816.0% in the second quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant’s stock valued at $21,866,000 after acquiring an additional 544,123 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Up 1.2 %

NASDAQ CMCSA opened at $43.51 on Friday. 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 0.72 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $166.49 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 1.60 and a beta of 1.00. The firm’s fifty day simple moving average is $41.90 and its 200-day simple moving average is $40.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same period in the prior year, the business posted $1.08 earnings per share. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is 33.33%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CMCSA. Pivotal Research lifted their price target on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company lifted their price target on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. KeyCorp lifted their price target on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, TD Cowen cut their price target on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $47.19.

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.