Mizuho Securities USA LLC Sells 51,302 Shares of Comcast Co. (NASDAQ:CMCSA)

Mizuho Securities USA LLC lowered its position in Comcast Co. (NASDAQ:CMCSA) by 17.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 250,499 shares of the cable giant’s stock after selling 51,302 shares during the period. Mizuho Securities USA LLC’s holdings in Comcast were worth $10,463,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CMCSA. Fairscale Capital LLC acquired a new position in Comcast in the 2nd quarter worth $26,000. McClarren Financial Advisors Inc. lifted its stake in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares during the last quarter. Iron Horse Wealth Management LLC raised its stake in shares of Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 522 shares during the last quarter. IAG Wealth Partners LLC raised its stake in Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after buying an additional 522 shares during the last quarter. Finally, Archer Investment Corp raised its stake in Comcast by 177.1% during the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after buying an additional 519 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the topic of a number of recent analyst reports. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $47.75 to $48.00 in a research report on Friday, November 1st. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, November 6th. Finally, KeyCorp boosted their price objective on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $47.19.

Comcast Trading Up 1.6 %

NASDAQ:CMCSA opened at $42.99 on Thursday. The company has a fifty day moving average of $41.82 and a 200 day moving average of $39.97. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $164.50 billion, a P/E ratio of 11.56, a P/E/G ratio of 1.60 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. During the same period in the prior year, the business posted $1.08 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. On average, research analysts predict that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.88%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

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.