Comcast Co. (NASDAQ:CMCSA) Holdings Decreased by Ceeto Capital Group LLC

Ceeto Capital Group LLC reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 6.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,170 shares of the cable giant’s stock after selling 3,700 shares during the quarter. Comcast comprises approximately 0.9% of Ceeto Capital Group LLC’s holdings, making the stock its 25th largest position. Ceeto Capital Group LLC’s holdings in Comcast were worth $2,262,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Comcast in the fourth quarter worth $2,542,988,000. Capital World Investors grew its stake in shares of Comcast by 17.0% in the fourth quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock worth $4,725,926,000 after purchasing an additional 15,625,543 shares in the last quarter. Ontario Teachers Pension Plan Board grew its stake in shares of Comcast by 25,881.7% in the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock worth $470,391,000 after purchasing an additional 10,809,231 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Comcast by 41.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock worth $1,214,512,000 after purchasing an additional 8,243,302 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Comcast by 80.9% in the first quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock worth $457,007,000 after purchasing an additional 4,714,586 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Insider Activity

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CMCSA shares. Barclays decreased their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday. Pivotal Research cut their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday. Scotiabank cut their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday, April 26th. Finally, Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $46.96.

Comcast Stock Up 3.8 %

CMCSA stock traded up $1.45 during mid-day trading on Friday, hitting $39.69. The stock had a trading volume of 24,563,940 shares, compared to its average volume of 19,189,402. The company has a current ratio of 0.66, a quick ratio of 0.59 and a debt-to-equity ratio of 1.16. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The company has a fifty day moving average of $38.53 and a 200 day moving average of $40.63. The stock has a market capitalization of $155.73 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 1.05 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.13 EPS. On average, equities analysts expect that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio is 32.80%.

Comcast 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.