Comcast Co. (NASDAQ:CMCSA) Shares Sold by Nemes Rush Group LLC

Nemes Rush Group LLC trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 16.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,705 shares of the cable giant’s stock after selling 1,316 shares during the period. Nemes Rush Group LLC’s holdings in Comcast were worth $294,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CMCSA. Norges Bank purchased a new position in shares of Comcast during the 4th quarter worth approximately $2,542,988,000. Northern Trust Corp increased its stake in shares of Comcast by 0.3% during the 3rd quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock worth $2,040,522,000 after purchasing an additional 141,874 shares in the last quarter. LSV Asset Management increased its stake in shares of Comcast by 3.8% during the 4th quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock worth $687,947,000 after purchasing an additional 570,050 shares in the last quarter. Raymond James & Associates increased its stake in shares of Comcast by 2.3% during the 4th quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock worth $644,258,000 after purchasing an additional 329,278 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in Comcast by 5.4% in the 4th quarter. California Public Employees Retirement System now owns 11,432,426 shares of the cable giant’s stock worth $501,312,000 after acquiring an additional 581,163 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CMCSA shares. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Friday, April 26th. Wells Fargo & Company cut their price objective on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Finally, Scotiabank lowered their price objective on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research report on Friday, April 26th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.33.

Comcast Price Performance

CMCSA traded down $0.17 during midday trading on Wednesday, hitting $39.04. The stock had a trading volume of 5,445,170 shares, compared to its average volume of 20,499,611. The company has a market cap of $153.18 billion, a P/E ratio of 10.26, a price-to-earnings-growth ratio of 0.98 and a beta of 0.99. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The business has a fifty day moving average of $40.46 and a 200 day moving average of $42.11.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The company had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 earnings per share. As a group, equities analysts forecast that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.18%. Comcast’s payout ratio is currently 32.80%.

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.