Motco Sells 27,845 Shares of Comcast Co. (NASDAQ:CMCSA)

Motco decreased its position in Comcast Co. (NASDAQ:CMCSA) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 341,839 shares of the cable giant’s stock after selling 27,845 shares during the period. Comcast makes up 1.0% of Motco’s holdings, making the stock its 21st biggest holding. Motco’s holdings in Comcast were worth $14,990,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in Comcast in the 4th quarter valued at about $2,542,988,000. Northern Trust Corp lifted its stake in Comcast by 0.3% in the third quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock valued at $2,040,522,000 after purchasing an additional 141,874 shares during the last quarter. LSV Asset Management grew its stake in shares of Comcast by 3.8% during the 4th quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock worth $687,947,000 after acquiring an additional 570,050 shares during the period. Raymond James & Associates raised its position in shares of Comcast by 2.3% in the fourth quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock valued at $644,258,000 after purchasing an additional 329,278 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in Comcast by 5.4% in the 4th quarter. California Public Employees Retirement System now owns 11,432,426 shares of the cable giant’s stock worth $501,312,000 after buying an additional 581,163 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 0.3 %

NASDAQ:CMCSA traded down $0.10 during mid-day trading on Friday, hitting $39.27. 13,733,368 shares of the company’s stock were exchanged, compared to its average volume of 21,923,466. Comcast Co. has a one year low of $36.43 and a one year high of $47.46. The business has a fifty day moving average price of $40.63 and a 200 day moving average price of $42.17. The company has a market cap of $154.08 billion, a PE ratio of 10.39, a P/E/G ratio of 0.98 and a beta of 0.99. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. During the same period in the prior year, the company posted $0.92 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Equities analysts predict that Comcast Co. will post 4.21 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s dividend payout ratio is presently 32.80%.

Analyst Ratings Changes

Several brokerages have recently weighed in on CMCSA. Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Friday, April 26th. Wells Fargo & Company reduced their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Scotiabank lowered their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research report on Friday, April 26th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $49.33.

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.