Davis R M Inc. Reduces Holdings in Comcast Co. (NASDAQ:CMCSA)

Davis R M Inc. lowered its position in Comcast Co. (NASDAQ:CMCSA) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,670 shares of the cable giant’s stock after selling 3,692 shares during the quarter. Davis R M Inc.’s holdings in Comcast were worth $2,701,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CMCSA. AQR Capital Management LLC lifted its position in shares of Comcast by 92.1% during the second quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock worth $339,223,000 after purchasing an additional 4,182,525 shares during the last quarter. Swedbank AB purchased a new position in Comcast in the 1st quarter worth about $93,051,000. Darsana Capital Partners LP lifted its holdings in Comcast by 26.7% during the 2nd quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock valued at $372,020,000 after buying an additional 2,000,000 shares in the last quarter. SG Americas Securities LLC boosted its position in Comcast by 211.7% in the 3rd quarter. SG Americas Securities LLC now owns 2,890,571 shares of the cable giant’s stock valued at $120,739,000 after buying an additional 1,963,246 shares during the period. Finally, National Bank of Canada FI grew its stake in Comcast by 46.5% in the 2nd quarter. National Bank of Canada FI now owns 5,780,524 shares of the cable giant’s stock worth $220,641,000 after acquiring an additional 1,833,811 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CMCSA. TD Cowen lowered their price target on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Pivotal Research increased their price target on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Barclays upped their price objective on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and an average price target of $47.19.

Comcast Price Performance

NASDAQ:CMCSA opened at $43.20 on Tuesday. The firm’s fifty day moving average is $42.06 and its two-hundred day moving average is $40.08. The firm has a market cap of $165.31 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.64 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 company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72.

Comcast (NASDAQ:CMCSA) last posted 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 firm had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period last year, the company earned $1.08 earnings per share. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. Research analysts expect that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

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 $0.31 dividend. 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 2.87%. Comcast’s payout ratio is 33.33%.

About Comcast

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.