Comcast Co. (NASDAQ:CMCSA) Shares Sold by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 77.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 322,222 shares of the cable giant’s stock after selling 1,077,750 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Comcast were worth $12,093,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in shares of Comcast by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,709,601 shares of the cable giant’s stock valued at $1,227,591,000 after purchasing an additional 838,366 shares in the last quarter. State of Michigan Retirement System increased its stake in shares of Comcast by 5.2% in the fourth quarter. State of Michigan Retirement System now owns 1,106,289 shares of the cable giant’s stock worth $41,519,000 after buying an additional 54,200 shares during the last quarter. Reaves W H & Co. Inc. raised its holdings in Comcast by 39.5% in the fourth quarter. Reaves W H & Co. Inc. now owns 2,184,079 shares of the cable giant’s stock valued at $81,968,000 after acquiring an additional 617,932 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Comcast by 0.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 625,008 shares of the cable giant’s stock worth $23,457,000 after acquiring an additional 1,796 shares in the last quarter. Finally, Gryphon Financial Partners LLC increased its position in shares of Comcast by 9.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 44,086 shares of the cable giant’s stock worth $1,655,000 after purchasing an additional 3,719 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CMCSA shares. Rosenblatt Securities reduced their price target on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Citigroup dropped their price target on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective for the company in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.83.

Comcast Stock Up 0.3 %

CMCSA opened at $35.98 on Tuesday. The stock’s 50 day moving average price is $36.28 and its 200 day moving average price is $39.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market cap of $136.04 billion, a P/E ratio of 8.67, a P/E/G 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 posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.67%. Comcast’s dividend payout ratio (DPR) is 31.81%.

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.