Holderness Investments Co. Sells 1,995 Shares of Comcast Corporation (NASDAQ:CMCSA)

Holderness Investments Co. decreased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 7.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 25,690 shares of the cable giant’s stock after selling 1,995 shares during the quarter. Holderness Investments Co.’s holdings in Comcast were worth $948,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital World Investors lifted its holdings in Comcast by 8.6% during the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock worth $5,317,167,000 after purchasing an additional 11,255,683 shares during the last quarter. Ameriprise Financial Inc. grew its position in Comcast by 12.0% during the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock worth $1,890,027,000 after buying an additional 5,402,377 shares in the last quarter. Northern Trust Corp grew its position in Comcast by 12.8% during the fourth quarter. Northern Trust Corp now owns 42,479,501 shares of the cable giant’s stock worth $1,594,256,000 after buying an additional 4,819,443 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Comcast by 16.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,356,027 shares of the cable giant’s stock worth $1,326,912,000 after buying an additional 4,991,891 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Comcast by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock worth $1,240,955,000 after buying an additional 926,663 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the topic of a number of analyst reports. The Goldman Sachs Group reduced their price target on Comcast from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Scotiabank increased their price target on Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a research report on Friday, July 11th. Moffett Nathanson increased their price target on Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, June 12th. New Street Research reduced their price target on Comcast from $44.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Oppenheimer reduced their price target on Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Comcast currently has an average rating of “Hold” and a consensus price target of $40.73.

Comcast Stock Up 2.6%

Shares of CMCSA opened at $32.94 on Thursday. Comcast Corporation has a 52 week low of $31.03 and a 52 week high of $45.31. The stock has a market capitalization of $121.62 billion, a price-to-earnings ratio of 5.44, a PEG ratio of 1.93 and a beta of 0.92. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a fifty day moving average of $34.41 and a 200-day moving average of $34.85.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%. The company had revenue of $30.31 billion during the quarter, compared to analysts’ expectations of $29.81 billion. During the same period in the prior year, the company earned $1.21 EPS. Comcast’s revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is currently 21.82%.

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.