Integrated Investment Consultants LLC Sells 5,480 Shares of Comcast Co. (NASDAQ:CMCSA)

Integrated Investment Consultants LLC cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 25.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,290 shares of the cable giant’s stock after selling 5,480 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Comcast were worth $680,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CMCSA. Dimensional Fund Advisors LP grew its stake in shares of Comcast by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock valued at $1,500,722,000 after acquiring an additional 1,000,626 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Comcast by 41.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after acquiring an additional 8,243,302 shares during the period. Ontario Teachers Pension Plan Board lifted its holdings in Comcast by 5.4% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock worth $667,620,000 after purchasing an additional 822,936 shares in the last quarter. First Pacific Advisors LP lifted its holdings in Comcast by 2.1% in the 2nd quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock worth $423,633,000 after purchasing an additional 219,894 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Comcast by 7.8% in the 2nd quarter. Van ECK Associates Corp now owns 9,886,479 shares of the cable giant’s stock worth $387,155,000 after purchasing an additional 713,330 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CMCSA has been the topic of several recent research reports. 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 report on Friday, November 1st. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Wells Fargo & Company increased their price target on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price target on shares of Comcast in a report on Wednesday, November 6th. Finally, Macquarie upped their price objective on Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Comcast presently has an average rating of “Moderate Buy” and a consensus target price of $47.19.

Comcast Stock Up 1.2 %

Comcast stock opened at $43.51 on Friday. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. 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 $166.49 billion, a P/E ratio of 11.70, a PEG ratio of 1.60 and a beta of 1.00. The stock has a 50-day simple moving average of $41.90 and a 200-day simple moving average of $40.00.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share 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 the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 EPS. Equities research analysts expect that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Dividend Announcement

The firm 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 dividend of $0.31 per share. 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 dividend payout ratio (DPR) is 33.33%.

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.