Comcast Co. (NASDAQ:CMCSA) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. lessened its position in Comcast Co. (NASDAQ:CMCSA) by 3.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 352,894 shares of the cable giant’s stock after selling 12,113 shares during the period. Hantz Financial Services Inc.’s holdings in Comcast were worth $14,740,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CMCSA. FMR LLC lifted its stake in shares of Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after acquiring an additional 6,062,658 shares during the period. AQR Capital Management LLC lifted its stake in shares of Comcast by 92.1% in the 2nd quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock worth $339,223,000 after acquiring an additional 4,182,525 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of Comcast by 530.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock worth $143,242,000 after acquiring an additional 2,885,370 shares during the period. Darsana Capital Partners LP lifted its stake in shares of Comcast by 26.7% in the 2nd quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock worth $372,020,000 after acquiring an additional 2,000,000 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Comcast by 211.7% in the 3rd quarter. SG Americas Securities LLC now owns 2,890,571 shares of the cable giant’s stock worth $120,739,000 after acquiring an additional 1,963,246 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on CMCSA. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Wednesday, November 6th. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Benchmark reiterated a “buy” rating and issued a $60.00 price objective on shares of Comcast in a research note on Tuesday, November 19th. Macquarie raised their price objective on shares of Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Finally, TD Cowen reduced 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.19.

Comcast Price Performance

Comcast stock opened at $42.56 on Friday. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The firm has a 50 day moving average price of $42.23 and a 200 day moving average price of $40.14. The company has a market cap of $162.86 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.63 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) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same period in the previous year, the firm earned $1.08 earnings per share. Comcast’s revenue was up 6.5% compared to the same quarter last year. Sell-side analysts predict that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Announces Dividend

The business also recently announced 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 2.91%. Comcast’s payout ratio 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.