Comcast Co. (NASDAQ:CMCSA) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 935,631 shares of the cable giant’s stock after selling 16,126 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Comcast were worth $39,081,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairscale Capital LLC acquired a new position in Comcast in the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC purchased a new position in Comcast in the second quarter valued at approximately $27,000. IAG Wealth Partners LLC grew its position in Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. grew its position in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares in the last quarter. Finally, Archer Investment Corp grew its position in shares of Comcast by 177.1% during the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after buying an additional 519 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Down 0.9 %

Comcast stock traded down $0.40 during trading hours on Wednesday, hitting $43.64. The stock had a trading volume of 1,084,836 shares, compared to its average volume of 19,580,779. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock has a market cap of $166.99 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 1.68 and a beta of 1.00. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The business’s 50 day simple moving average is $41.36 and its 200-day simple moving average is $39.79.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter last year, the firm posted $1.08 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. On average, equities analysts predict that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.84%. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CMCSA. Barclays lifted their price objective on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. KeyCorp lifted their price target on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, October 30th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $46.75.

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.