Stephens Inc. AR Sells 14,725 Shares of Comcast Co. (NASDAQ:CMCSA)

Stephens Inc. AR lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 382,600 shares of the cable giant’s stock after selling 14,725 shares during the period. Stephens Inc. AR’s holdings in Comcast were worth $15,981,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Reston Wealth Management LLC acquired a new position in shares of Comcast during the third quarter valued at about $35,000. Cordatus Wealth Management LLC raised its position in shares of Comcast by 0.8% during the third quarter. Cordatus Wealth Management LLC now owns 42,757 shares of the cable giant’s stock valued at $1,786,000 after buying an additional 355 shares during the last quarter. AustralianSuper Pty Ltd raised its position in shares of Comcast by 128.0% during the third quarter. AustralianSuper Pty Ltd now owns 1,707,328 shares of the cable giant’s stock valued at $71,315,000 after buying an additional 958,647 shares during the last quarter. HM Payson & Co. raised its position in shares of Comcast by 1.5% during the third quarter. HM Payson & Co. now owns 48,401 shares of the cable giant’s stock valued at $2,022,000 after buying an additional 704 shares during the last quarter. Finally, Catalyst Financial Partners LLC raised its position in Comcast by 1.9% in the third quarter. Catalyst Financial Partners LLC now owns 18,370 shares of the cable giant’s stock worth $767,000 after purchasing an additional 342 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CMCSA shares. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $47.75 to $48.00 in a research report on Friday. Macquarie reissued a “neutral” rating and issued a $40.00 price target on shares of Comcast in a research report on Wednesday, July 24th. Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of Comcast in a research report on Wednesday. Finally, Pivotal Research dropped their price target on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $45.60.

Comcast Trading Up 3.4 %

Shares of CMCSA opened at $43.67 on Friday. The stock has a fifty day moving average price of $40.73 and a two-hundred day moving average price of $39.55. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The company has a market cap of $169.11 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.11 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $1.08 EPS. Analysts predict that Comcast Co. will post 4.24 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.84%. Comcast’s dividend payout ratio (DPR) is currently 32.98%.

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.