Comcast Corporation $CMCSA Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC lessened its holdings in Comcast Corporation (NASDAQ:CMCSA) by 32.4% during the third quarter, Holdings Channel.com reports. The firm owned 34,627 shares of the cable giant’s stock after selling 16,617 shares during the quarter. GAMMA Investing LLC’s holdings in Comcast were worth $1,088,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Norges Bank purchased a new stake in shares of Comcast in the second quarter valued at approximately $3,528,361,000. Dodge & Cox lifted its holdings in Comcast by 18.1% in the second quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock valued at $3,971,309,000 after acquiring an additional 17,054,579 shares during the period. First Trust Advisors LP lifted its holdings in Comcast by 133.1% in the second quarter. First Trust Advisors LP now owns 10,187,177 shares of the cable giant’s stock valued at $363,580,000 after acquiring an additional 5,817,614 shares during the period. Worldquant Millennium Advisors LLC boosted its position in shares of Comcast by 554.9% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock worth $178,634,000 after purchasing an additional 4,240,876 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Comcast by 2.5% during the 2nd quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock worth $6,166,154,000 after purchasing an additional 4,231,140 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on CMCSA. Evercore ISI reduced their price objective on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Comcast from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Royal Bank Of Canada decreased their price target on Comcast from $38.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. KeyCorp downgraded Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 30th. Finally, Rosenblatt Securities reduced their price objective on Comcast from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Monday, December 1st. Eleven equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $35.78.

Comcast Price Performance

CMCSA stock opened at $30.32 on Thursday. The stock’s 50 day moving average price is $28.01 and its 200 day moving average price is $31.69. The firm has a market cap of $110.48 billion, a P/E ratio of 5.04, a PEG ratio of 2.04 and a beta of 0.83. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $38.94.

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

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio is 21.96%.

Comcast 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.