Comcast Co. (NASDAQ:CMCSA) Shares Sold by Johnson Investment Counsel Inc.

by · The Cerbat Gem

Johnson Investment Counsel Inc. decreased its position in shares of Comcast Co. (NASDAQ:CMCSA – Free Report) by 37.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 296,124 shares of the cable giant’s stock after selling 175,006 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Comcast were worth $11,114,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of CMCSA. Daiwa Securities Group Inc. raised its stake in shares of Comcast by 9.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 806,697 shares of the cable giant’s stock valued at $30,275,000 after purchasing an additional 72,436 shares in the last quarter. First Pacific Advisors LP raised its stake in shares of Comcast by 0.6% during the fourth quarter. First Pacific Advisors LP now owns 10,868,463 shares of the cable giant’s stock valued at $407,893,000 after purchasing an additional 62,829 shares in the last quarter. Enterprise Financial Services Corp raised its stake in shares of Comcast by 131.8% during the fourth quarter. Enterprise Financial Services Corp now owns 11,490 shares of the cable giant’s stock valued at $431,000 after purchasing an additional 6,533 shares in the last quarter. Sowell Financial Services LLC raised its stake in shares of Comcast by 2.9% during the fourth quarter. Sowell Financial Services LLC now owns 17,674 shares of the cable giant’s stock valued at $663,000 after purchasing an additional 506 shares in the last quarter. Finally, Ruffer LLP bought a new stake in shares of Comcast during the fourth quarter valued at about $1,077,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CMCSA shares. Wells Fargo & Company cut their price objective on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Scotiabank cut shares of Comcast from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $48.00 to $44.50 in a research report on Monday, February 3rd. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Finally, Macquarie dropped their price target on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.83.

View Our Latest Stock Report on Comcast

Comcast Trading Down 3.9 %

Shares of NASDAQ CMCSA opened at $36.11 on Tuesday. The business has a 50-day moving average price of $36.10 and a two-hundred day moving average price of $39.32. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $136.53 billion, a PE ratio of 8.70, a PEG ratio of 1.78 and a beta of 1.00. Comcast Co. has a one year low of $32.50 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA – Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.66%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s payout ratio is currently 31.81%.

Comcast Company Profile

(Free Report)

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.

See Also

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