ASB Consultores LLC Sells 285 Shares of Comcast Co. (NASDAQ:CMCSA)

ASB Consultores LLC reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 2.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 13,299 shares of the cable giant’s stock after selling 285 shares during the period. ASB Consultores LLC’s holdings in Comcast were worth $555,000 as of its most recent filing with the SEC.

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

Comcast Stock Performance

Comcast stock opened at $42.53 on Tuesday. The firm’s 50 day simple moving average is $40.85 and its 200 day simple moving average is $39.60. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The firm has a market capitalization of $164.70 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 1.14 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data 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. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the prior year, the business earned $1.08 earnings per share. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, analysts expect that Comcast Co. will post 4.27 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently declared 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 is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.92%. Comcast’s dividend payout ratio is currently 33.33%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CMCSA shares. Macquarie restated a “neutral” rating and set a $40.00 price objective on shares of Comcast in a report on Friday. Wells Fargo & Company lifted their price target on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft boosted their target price on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday. Finally, Pivotal Research upped their price target on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.