Epoch Investment Partners Inc. Sells 35,317 Shares of Comcast Corporation $CMCSA

Epoch Investment Partners Inc. decreased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 4.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 710,162 shares of the cable giant’s stock after selling 35,317 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Comcast were worth $25,346,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Comcast by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock valued at $13,185,275,000 after acquiring an additional 1,257,196 shares during the last quarter. Dodge & Cox raised its position in Comcast by 18.1% during the second quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock valued at $3,971,309,000 after purchasing an additional 17,054,579 shares during the period. Norges Bank bought a new stake in shares of Comcast in the 2nd quarter valued at approximately $3,528,361,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Comcast by 7.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 36,154,170 shares of the cable giant’s stock valued at $1,289,984,000 after purchasing an additional 2,517,906 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Comcast by 1.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 35,905,236 shares of the cable giant’s stock worth $1,281,458,000 after purchasing an additional 490,923 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on CMCSA. Citigroup decreased their price target on Comcast from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Oppenheimer set a $38.00 target price on shares of Comcast in a research note on Tuesday, November 4th. Moffett Nathanson lowered their target price on shares of Comcast from $58.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Scotiabank cut their price target on shares of Comcast from $45.50 to $41.50 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Comcast from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $35.82.

Comcast Price Performance

Shares of CMCSA stock opened at $27.31 on Friday. The company has a market capitalization of $99.51 billion, a P/E ratio of 4.54, a P/E/G ratio of 1.87 and a beta of 0.83. The company’s 50-day simple moving average is $28.48 and its two-hundred day simple moving average is $32.09. Comcast Corporation has a one year low of $25.75 and a one year high of $43.30. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The firm had revenue of $30.34 billion during the quarter. As a group, equities analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.8%. Comcast’s dividend payout ratio is presently 21.96%.

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.