Duff & Phelps Investment Management Co. Trims Holdings in Comcast Co. (NASDAQ:CMCSA)

Duff & Phelps Investment Management Co. trimmed its stake in Comcast Co. (NASDAQ:CMCSA) by 0.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,089,400 shares of the cable giant’s stock after selling 9,092 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Comcast were worth $45,504,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC increased its stake in Comcast by 5.4% during the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after buying an additional 6,062,658 shares during the period. Dimensional Fund Advisors LP increased its stake in Comcast by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock worth $1,500,722,000 after buying an additional 1,000,626 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Comcast by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant’s stock worth $1,331,192,000 after buying an additional 416,759 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Comcast by 6.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock worth $1,268,310,000 after buying an additional 1,717,762 shares during the period. Finally, Ontario Teachers Pension Plan Board increased its stake in Comcast by 5.4% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock worth $667,620,000 after buying an additional 822,936 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and set a $60.00 target price on shares of Comcast in a research note on Tuesday, November 19th. Macquarie increased their price objective on shares of Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Wells Fargo & Company increased their price objective on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Barclays increased their price objective on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.19.

Comcast Stock Up 0.8 %

CMCSA stock opened at $43.15 on Monday. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The stock has a market capitalization of $165.12 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 1.63 and a beta of 0.99. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The company has a fifty day moving average of $42.48 and a 200-day moving average of $40.31.

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. The company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business earned $1.08 EPS. As a group, analysts expect that Comcast Co. will post 4.26 EPS for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders 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 dividend yield of 2.87%. Comcast’s dividend payout ratio is presently 33.33%.

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.