Comcast Co. (NASDAQ:CMCSA) Holdings Trimmed by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its stake in Comcast Co. (NASDAQ:CMCSAGet Rating) by 0.5% in the third quarter, HoldingsChannel reports. The firm owned 2,712,074 shares of the cable giant’s stock after selling 12,305 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Comcast were worth $79,545,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CMCSA. FMR LLC lifted its stake in Comcast by 26.0% in the 2nd quarter. FMR LLC now owns 98,277,592 shares of the cable giant’s stock worth $3,856,414,000 after acquiring an additional 20,251,251 shares in the last quarter. Dodge & Cox lifted its stake in Comcast by 0.4% in the 2nd quarter. Dodge & Cox now owns 85,157,816 shares of the cable giant’s stock worth $3,341,593,000 after acquiring an additional 375,326 shares in the last quarter. Northern Trust Corp lifted its stake in Comcast by 0.5% in the 2nd quarter. Northern Trust Corp now owns 50,045,135 shares of the cable giant’s stock worth $1,963,772,000 after acquiring an additional 262,241 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Comcast by 1.1% in the 1st quarter. Clearbridge Investments LLC now owns 42,441,142 shares of the cable giant’s stock worth $1,987,094,000 after acquiring an additional 473,150 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Comcast by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 30,990,183 shares of the cable giant’s stock worth $1,216,056,000 after purchasing an additional 459,062 shares in the last quarter. Institutional investors and hedge funds own 82.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CMCSA. Deutsche Bank Aktiengesellschaft cut their price target on Comcast from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, October 18th. Wolfe Research cut their price target on Comcast from $39.00 to $33.00 and set an “underperform” rating for the company in a research note on Thursday, September 29th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 2nd. Citigroup raised their price objective on Comcast to $38.00 in a research note on Tuesday, November 1st. Finally, Pivotal Research lowered their target price on Comcast from $47.00 to $42.00 in a report on Thursday, October 27th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast currently has an average rating of “Hold” and an average target price of $44.57.

Comcast Price Performance

NASDAQ:CMCSA opened at $39.75 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.18. The stock’s 50 day moving average price is $36.12 and its two-hundred day moving average price is $35.42. The firm has a market capitalization of $171.86 billion, a price-to-earnings ratio of 34.57, a P/E/G ratio of 0.84 and a beta of 1.00. Comcast Co. has a 12-month low of $28.39 and a 12-month high of $50.98.

Comcast (NASDAQ:CMCSAGet Rating) last released its quarterly earnings data on Thursday, October 27th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.07. The firm had revenue of $29.85 billion for the quarter, compared to analyst estimates of $29.68 billion. Comcast had a return on equity of 17.61% and a net margin of 4.46%. On average, analysts anticipate that Comcast Co. will post 3.6 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Wednesday, January 4th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Tuesday, January 3rd. Comcast’s payout ratio is 93.91%.

About Comcast

(Get Rating)

Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.

Featured Stories

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSAGet Rating).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.