Comcast Co. (NASDAQ:CMCSA) Shares Sold by Westpac Banking Corp

by · The Cerbat Gem

Westpac Banking Corp lowered its position in shares of Comcast Co. (NASDAQ:CMCSA – Free Report) by 2.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 80,111 shares of the cable giant’s stock after selling 1,928 shares during the quarter. Westpac Banking Corp’s holdings in Comcast were worth $3,007,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC grew its stake in shares of Comcast by 173.6% in the third quarter. Janus Henderson Group PLC now owns 1,418,064 shares of the cable giant’s stock valued at $59,237,000 after buying an additional 899,716 shares in the last quarter. IHT Wealth Management LLC grew its position in Comcast by 23.8% in the third quarter. IHT Wealth Management LLC now owns 64,034 shares of the cable giant’s stock valued at $2,674,000 after acquiring an additional 12,320 shares in the last quarter. Morse Asset Management Inc purchased a new stake in shares of Comcast during the third quarter valued at approximately $451,000. Royal London Asset Management Ltd. lifted its position in shares of Comcast by 1.7% during the third quarter. Royal London Asset Management Ltd. now owns 2,151,123 shares of the cable giant’s stock worth $89,852,000 after purchasing an additional 36,730 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of Comcast by 64.1% in the third quarter. Quantinno Capital Management LP now owns 411,773 shares of the cable giant’s stock valued at $17,200,000 after purchasing an additional 160,796 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CMCSA. The Goldman Sachs Group cut their price objective on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Macquarie lowered their price objective on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Loop Capital cut their target price on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Finally, Sanford C. Bernstein set a $38.00 price target on shares of Comcast in a research report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.08.

Get Our Latest Stock Report on Comcast

Comcast Price Performance

Shares of CMCSA opened at $35.72 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market cap of $135.06 billion, a P/E ratio of 8.61, a PEG ratio of 1.78 and a beta of 0.94. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The stock has a fifty day moving average price of $35.84 and a 200 day moving average price of $38.92.

Comcast (NASDAQ:CMCSA – Get Free Report) last released its quarterly earnings data 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%. On average, research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.70%. 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.

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