Moors & Cabot Inc. Cuts Holdings in Comcast Co. (NASDAQ:CMCSA)

Moors & Cabot Inc. cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,946 shares of the cable giant’s stock after selling 318 shares during the quarter. Moors & Cabot Inc.’s holdings in Comcast were worth $1,878,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital World Investors raised its position in Comcast by 17.0% in the fourth quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock worth $4,725,926,000 after acquiring an additional 15,625,543 shares during the period. Ontario Teachers Pension Plan Board raised its position in Comcast by 25,881.7% in the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock worth $470,391,000 after acquiring an additional 10,809,231 shares during the period. Price T Rowe Associates Inc. MD raised its position in Comcast by 41.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock worth $1,214,512,000 after acquiring an additional 8,243,302 shares during the period. Canada Pension Plan Investment Board raised its position in Comcast by 80.9% in the first quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock worth $457,007,000 after acquiring an additional 4,714,586 shares during the period. Finally, Morningstar Investment Services LLC raised its position in Comcast by 116.8% in the fourth quarter. Morningstar Investment Services LLC now owns 5,145,838 shares of the cable giant’s stock worth $227,034,000 after acquiring an additional 2,772,190 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on CMCSA shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. Evercore ISI lowered their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. KeyCorp lowered their price target on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Finally, StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 13th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $45.78.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $39.28 on Wednesday. The company has a 50 day moving average of $39.43 and a 200 day moving average of $39.67. The stock has a market cap of $154.12 billion, a P/E ratio of 10.39, a P/E/G ratio of 1.03 and a beta of 1.01. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. During the same quarter in the previous year, the company earned $1.13 earnings per share. Comcast’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, sell-side analysts forecast that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.16%. Comcast’s dividend payout ratio (DPR) is 32.80%.

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.