Amundi Pioneer Asset Management Inc. cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 15.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 8,203,902 shares of the cable giant’s stock after selling 1,452,517 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in Comcast were worth $429,902,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Alliance Wealth Advisors LLC purchased a new stake in shares of Comcast in the 4th quarter worth $451,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Comcast in the 4th quarter worth $16,046,000. Teachers Retirement System of The State of Kentucky increased its stake in shares of Comcast by 21.8% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 775,397 shares of the cable giant’s stock worth $40,630,000 after purchasing an additional 139,000 shares in the last quarter. Harvest Volatility Management LLC purchased a new stake in shares of Comcast in the 4th quarter worth $3,213,000. Finally, Patron Partners Advisors LLC purchased a new stake in shares of Comcast in the 4th quarter worth $312,000. 82.56% of the stock is currently owned by institutional investors and hedge funds.
CMCSA has been the subject of several analyst reports. Barclays upped their price objective on Comcast from $53.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, February 1st. Credit Suisse Group increased their price objective on shares of Comcast from $61.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, March 24th. Wells Fargo & Company assumed coverage on shares of Comcast in a report on Monday, March 22nd. They set an “underweight” rating and a $48.00 price objective for the company. Benchmark increased their price objective on shares of Comcast from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, February 9th. They noted that the move was a valuation call. Finally, Pivotal Research increased their price objective on shares of Comcast from $60.00 to $63.00 in a report on Thursday, January 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. Comcast has a consensus rating of “Buy” and a consensus target price of $56.94.
Comcast stock opened at $54.60 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.93 and a quick ratio of 0.93. Comcast Co. has a 1-year low of $34.17 and a 1-year high of $58.58. The firm has a market capitalization of $250.10 billion, a P/E ratio of 24.48, a price-to-earnings-growth ratio of 1.69 and a beta of 0.99. The company’s 50-day moving average is $54.82 and its 200 day moving average is $50.19.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 28th. The cable giant reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.08. Comcast had a net margin of 9.90% and a return on equity of 15.45%. The company had revenue of $27.71 billion for the quarter, compared to analyst estimates of $26.79 billion. During the same period in the prior year, the company posted $0.79 EPS. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. Research analysts anticipate that Comcast Co. will post 2.54 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 28th. Investors of record on Wednesday, April 7th will be given a $0.25 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Tuesday, April 6th. Comcast’s dividend payout ratio is 29.39%.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, wireless, and security and automation services to residential and business customers under the Xfinity brand, as well as sells advertising.
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