Yacktman Asset Management LP Has $52.36 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Yacktman Asset Management LP lowered its holdings in Comcast Co. (NASDAQ:CMCSA) by 11.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,253,500 shares of the cable giant’s stock after selling 167,500 shares during the quarter. Yacktman Asset Management LP’s holdings in Comcast were worth $52,359,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CMCSA. FSM Wealth Advisors LLC lifted its position in shares of Comcast by 20.6% in the 3rd quarter. FSM Wealth Advisors LLC now owns 9,643 shares of the cable giant’s stock worth $403,000 after acquiring an additional 1,648 shares during the period. Impax Asset Management Group plc raised its stake in shares of Comcast by 145.3% in the third quarter. Impax Asset Management Group plc now owns 42,919 shares of the cable giant’s stock valued at $1,793,000 after purchasing an additional 25,419 shares in the last quarter. Quintet Private Bank Europe S.A. boosted its stake in Comcast by 4.7% during the third quarter. Quintet Private Bank Europe S.A. now owns 39,778 shares of the cable giant’s stock worth $1,662,000 after buying an additional 1,781 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services increased its holdings in Comcast by 1.6% in the 3rd quarter. First National Bank of Mount Dora Trust Investment Services now owns 171,424 shares of the cable giant’s stock valued at $7,160,000 after buying an additional 2,766 shares during the period. Finally, National Pension Service raised its stake in shares of Comcast by 13.5% in the 3rd quarter. National Pension Service now owns 8,701,529 shares of the cable giant’s stock valued at $363,463,000 after buying an additional 1,035,584 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Stock Performance

Shares of Comcast stock opened at $42.53 on Tuesday. 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 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $164.70 billion, a PE ratio of 11.43, a PEG ratio of 1.14 and a beta of 1.00. The stock’s fifty day simple moving average is $40.85 and its 200 day simple moving average is $39.60.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Comcast’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.08 EPS. On average, research analysts predict that Comcast Co. will post 4.27 EPS for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.92%. Comcast’s payout ratio is 33.33%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Pivotal Research lifted their target price on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Macquarie restated a “neutral” rating and set a $40.00 target price on shares of Comcast in a research report on Friday. Barclays upped their price target on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $47.75 to $48.00 in a report on Friday. One investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $46.75.

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.