Comcast Co. (NASDAQ:CMCSA) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its position in Comcast Co. (NASDAQ:CMCSA) by 2.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 329,633 shares of the cable giant’s stock after selling 7,569 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Comcast were worth $13,769,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on CMCSA. TD Cowen decreased their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company raised their price objective on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. KeyCorp raised their price objective on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, Benchmark reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, October 30th. One research 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $46.75.

Comcast Trading Up 0.7 %

Shares of NASDAQ CMCSA opened at $44.20 on Tuesday. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The company has a market cap of $169.13 billion, a PE ratio of 11.88, a P/E/G ratio of 1.66 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. The company has a 50-day moving average of $41.18 and a two-hundred day moving average of $39.70.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 earnings per share. As a group, equities analysts expect that Comcast Co. will post 4.25 earnings per share for the current fiscal 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 paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is 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.