Keudell Morrison Wealth Management Sells 1,894 Shares of Comcast Co. (NASDAQ:CMCSA)

by · The Markets Daily

Keudell Morrison Wealth Management decreased its position in Comcast Co. (NASDAQ:CMCSA – Free Report) by 9.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 18,845 shares of the cable giant’s stock after selling 1,894 shares during the period. Keudell Morrison Wealth Management’s holdings in Comcast were worth $787,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital World Investors grew its holdings in shares of Comcast by 7.4% in the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock worth $5,015,737,000 after purchasing an additional 7,929,963 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Comcast by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock valued at $1,500,722,000 after acquiring an additional 1,000,626 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Comcast by 41.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after acquiring an additional 8,243,302 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its holdings in Comcast by 25,881.7% in the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock valued at $470,391,000 after acquiring an additional 10,809,231 shares in the last quarter. Finally, First Pacific Advisors LP boosted its holdings in Comcast by 2.1% in the second quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock valued at $423,633,000 after acquiring an additional 219,894 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 1.2 %

CMCSA stock traded down $0.55 during trading on Thursday, reaching $44.59. 1,634,392 shares of the company traded hands, compared to its average volume of 19,646,523. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The business has a 50 day simple moving average of $41.00 and a 200 day simple moving average of $39.66. The company has a market capitalization of $172.67 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 1.14 and a beta of 1.00. 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 – Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $31.78 billion. During the same quarter last year, the company earned $1.08 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Comcast Co. will post 4.27 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Analysts Set New Price Targets

Several research firms recently weighed in on CMCSA. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft raised their price objective on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company raised their price objective on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Barclays raised their price objective on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of Comcast in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

View Our Latest Stock Report on Comcast

Comcast Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA – Free Report).