Intech Investment Management LLC Sells 371,054 Shares of Comcast Corporation $CMCSA

Intech Investment Management LLC reduced its holdings in Comcast Corporation (NASDAQ:CMCSA) by 34.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 690,701 shares of the cable giant’s stock after selling 371,054 shares during the period. Intech Investment Management LLC’s holdings in Comcast were worth $24,651,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new position in shares of Comcast in the 1st quarter valued at $940,015,000. Dodge & Cox lifted its stake in Comcast by 19.1% in the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after buying an additional 15,115,074 shares during the period. Pacer Advisors Inc. lifted its stake in Comcast by 1,959.3% in the first quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock valued at $488,140,000 after buying an additional 12,586,329 shares during the period. Acadian Asset Management LLC boosted its holdings in Comcast by 119.1% during the first quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock worth $280,238,000 after buying an additional 4,128,434 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Comcast by 76.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 9,440,738 shares of the cable giant’s stock worth $348,363,000 after buying an additional 4,096,382 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. Arete lowered their price objective on shares of Comcast from $39.00 to $33.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. Morgan Stanley dropped their price objective on Comcast from $35.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Friday, October 31st. Benchmark decreased their target price on Comcast from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, Williams Trading set a $40.00 price target on Comcast in a research report on Friday, October 31st. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $36.12.

Comcast Stock Down 1.6%

Comcast stock opened at $27.51 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $44.03. The company has a fifty day simple moving average of $30.12 and a 200 day simple moving average of $32.88. The company has a market cap of $100.24 billion, a P/E ratio of 4.58, a price-to-earnings-growth ratio of 1.82 and a beta of 0.92.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The company had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. Research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is currently 21.96%.

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.