Comcast Co. (NASDAQ:CMCSA) Shares Sold by Associated Banc Corp

Associated Banc Corp lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 9.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 402,742 shares of the cable giant’s stock after selling 42,476 shares during the quarter. Associated Banc Corp’s holdings in Comcast were worth $16,823,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of CMCSA. Koshinski Asset Management Inc. boosted its holdings in shares of Comcast by 0.8% during the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after purchasing an additional 249 shares during the last quarter. Taurus Asset Management LLC boosted its holdings in shares of Comcast by 2.9% during the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock worth $381,000 after purchasing an additional 253 shares during the last quarter. Regent Peak Wealth Advisors LLC boosted its holdings in shares of Comcast by 3.1% during the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after purchasing an additional 257 shares during the last quarter. Abich Financial Wealth Management LLC boosted its holdings in shares of Comcast by 4.7% during the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock worth $243,000 after purchasing an additional 260 shares during the last quarter. Finally, Greenwich Wealth Management LLC boosted its holdings in shares of Comcast by 2.7% during the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after purchasing an additional 261 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Performance

Shares of NASDAQ:CMCSA traded down $0.05 during trading on Monday, hitting $43.42. 1,372,259 shares of the company traded hands, compared to its average volume of 19,533,111. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The stock has a market capitalization of $166.15 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 1.64 and a beta of 1.00. The business’s fifty day moving average is $41.98 and its 200-day moving average is $40.05. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business 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 company posted $1.08 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities analysts predict that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is currently 33.33%.

Analyst Ratings Changes

CMCSA has been the topic of several analyst reports. KeyCorp raised their price objective on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. TD Cowen reduced their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Evercore ISI upgraded Comcast to a “strong-buy” rating in a report on Thursday. Wells Fargo & Company lifted their target price on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Finally, Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $47.75 to $48.00 in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.19.

About Comcast

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.