Crewe Advisors LLC Sells 354 Shares of Comcast Co. (NASDAQ:CMCSA)

Crewe Advisors LLC trimmed its holdings in Comcast Co. (NASDAQ:CMCSA) by 10.1% during the third quarter, Holdings Channel reports. The institutional investor owned 3,161 shares of the cable giant’s stock after selling 354 shares during the quarter. Crewe Advisors LLC’s holdings in Comcast were worth $132,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CMCSA. AQR Capital Management LLC boosted its holdings in Comcast by 92.1% during the second quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock worth $339,223,000 after purchasing an additional 4,182,525 shares during the last quarter. Kodai Capital Management LP purchased a new position in shares of Comcast in the 1st quarter worth approximately $102,119,000. Swedbank AB bought a new position in shares of Comcast in the first quarter valued at approximately $93,051,000. Darsana Capital Partners LP lifted its holdings in Comcast by 26.7% during the second quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock worth $372,020,000 after acquiring an additional 2,000,000 shares during the period. Finally, SG Americas Securities LLC boosted its position in Comcast by 211.7% in the third quarter. SG Americas Securities LLC now owns 2,890,571 shares of the cable giant’s stock worth $120,739,000 after purchasing an additional 1,963,246 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Down 0.1 %

Shares of CMCSA stock opened at $43.47 on Friday. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The business’s fifty day moving average is $41.98 and its 200 day moving average is $40.04. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $166.34 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results 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 the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the company posted $1.08 EPS. On average, equities research analysts anticipate that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently declared 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 is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Barclays raised their price objective on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. KeyCorp lifted their price target on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Wednesday, November 6th. Wells Fargo & Company boosted their target price on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, TD Cowen cut their price target on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Comcast currently has an average rating of “Moderate Buy” and an average price target of $47.19.

Comcast 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.