Comcast Co. (NASDAQ:CMCSA) Stake Reduced by Gilbert & Cook Inc.

Gilbert & Cook Inc. reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 5.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 14,182 shares of the cable giant’s stock after selling 803 shares during the period. Gilbert & Cook Inc.’s holdings in Comcast were worth $592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Fairscale Capital LLC bought a new position in shares of Comcast in the second quarter worth $26,000. Strategic Financial Concepts LLC bought a new position in shares of Comcast in the second quarter worth $27,000. IAG Wealth Partners LLC grew its stake in shares of Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after purchasing an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. grew its stake in shares of Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares in the last quarter. Finally, Archer Investment Corp grew its stake in shares of Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after purchasing an additional 519 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Down 1.4 %

Shares of Comcast stock opened at $42.88 on Friday. The stock has a 50-day moving average price of $41.61 and a 200 day moving average price of $39.88. The company has a market cap of $164.08 billion, a P/E ratio of 11.53, a P/E/G ratio of 1.63 and a beta of 1.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share 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 company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period in the prior year, the firm posted $1.08 EPS. The business’s revenue was up 6.5% compared to the same quarter last year. As a group, analysts expect that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th 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 2.89%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio is 33.33%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wells Fargo & Company increased their price target on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $47.75 to $48.00 in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price objective on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Finally, Barclays upped their price objective on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.75.

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.