Comcast Co. (NASDAQ:CMCSA) Shares Sold by James Investment Research Inc.

James Investment Research Inc. cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 15.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 36,550 shares of the cable giant’s stock after selling 6,431 shares during the period. James Investment Research Inc.’s holdings in Comcast were worth $1,527,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fairscale Capital LLC acquired a new position in shares of Comcast during the second quarter worth about $26,000. McClarren Financial Advisors Inc. lifted its stake in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares during the last quarter. Iron Horse Wealth Management LLC grew its holdings in Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after acquiring an additional 522 shares in the last quarter. IAG Wealth Partners LLC increased its position in shares of Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares during the last quarter. Finally, Archer Investment Corp raised its holdings in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares in 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 brokerages recently commented on CMCSA. Barclays lowered their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $47.75 to $48.00 in a research report on Friday. Wells Fargo & Company raised their target price on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Finally, KeyCorp increased their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.63.

Comcast Stock Down 0.3 %

Shares of NASDAQ:CMCSA opened at $43.56 on Friday. 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 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market cap of $168.69 billion, a P/E ratio of 11.59, a P/E/G ratio of 1.11 and a beta of 1.01. The firm has a fifty day moving average price of $40.80 and a 200 day moving average price of $39.58.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.08 earnings per share. Sell-side analysts predict that Comcast Co. will post 4.24 EPS for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio 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.