Brown Brothers Harriman & Co. Has $14.67 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Brown Brothers Harriman & Co. decreased its stake in Comcast Co. (NASDAQ:CMCSA) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 390,769 shares of the cable giant’s stock after selling 9,621 shares during the period. Brown Brothers Harriman & Co.’s holdings in Comcast were worth $14,666,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CMCSA. CreativeOne Wealth LLC grew its holdings in shares of Comcast by 226.0% during the 3rd quarter. CreativeOne Wealth LLC now owns 37,391 shares of the cable giant’s stock worth $1,562,000 after purchasing an additional 25,921 shares in the last quarter. Fiduciary Trust Co boosted its stake in Comcast by 2.4% during the third quarter. Fiduciary Trust Co now owns 174,490 shares of the cable giant’s stock worth $7,288,000 after buying an additional 4,140 shares in the last quarter. Financial Counselors Inc. increased its holdings in Comcast by 3.1% in the 3rd quarter. Financial Counselors Inc. now owns 45,328 shares of the cable giant’s stock valued at $1,893,000 after buying an additional 1,354 shares during the period. Fred Alger Management LLC raised its stake in shares of Comcast by 3.5% in the 3rd quarter. Fred Alger Management LLC now owns 134,166 shares of the cable giant’s stock valued at $5,604,000 after buying an additional 4,586 shares in the last quarter. Finally, Encompass More Asset Management boosted its position in shares of Comcast by 5.0% during the 3rd quarter. Encompass More Asset Management now owns 8,748 shares of the cable giant’s stock valued at $365,000 after acquiring an additional 414 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 2.0 %

Shares of CMCSA opened at $36.62 on Friday. The stock’s fifty day simple moving average is $35.89 and its 200-day simple moving average is $38.99. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $138.46 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, research analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.60%. Comcast’s payout ratio is presently 31.81%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CMCSA. Scotiabank cut shares of Comcast from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $48.00 to $44.50 in a research note on Monday, February 3rd. Sanford C. Bernstein set a $38.00 target price on Comcast in a research report on Friday, January 31st. The Goldman Sachs Group decreased their price target on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Macquarie cut their price objective on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Barclays lowered their target price on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $43.64.

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.