Crestwood Advisors Group LLC Has $9.45 Million Position in Comcast Co. (NASDAQ:CMCSA)

Crestwood Advisors Group LLC lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 9.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 226,111 shares of the cable giant’s stock after selling 23,855 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Comcast were worth $9,445,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CMCSA. Capital World Investors increased its position in Comcast by 7.4% during the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock worth $5,015,737,000 after acquiring an additional 7,929,963 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Comcast by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock valued at $1,500,722,000 after buying an additional 1,000,626 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Comcast by 41.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after buying an additional 8,243,302 shares during the period. Ontario Teachers Pension Plan Board grew its position in Comcast by 25,881.7% during the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock worth $470,391,000 after buying an additional 10,809,231 shares in the last quarter. Finally, First Pacific Advisors LP increased its stake in Comcast by 2.1% during the 2nd quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock worth $423,633,000 after acquiring an additional 219,894 shares during the period. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

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 lifted their price objective for the company from $47.75 to $48.00 in a research note on Friday. Barclays upped their price objective on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday. TD Cowen decreased their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday. KeyCorp increased their target price on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Wells Fargo & Company upped their price objective on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

Comcast Trading Up 0.9 %

Shares of CMCSA stock traded up $0.39 during trading hours on Tuesday, hitting $42.92. 1,457,919 shares of the company were exchanged, compared to its average volume of 19,602,443. The company has a 50 day simple moving average of $40.85 and a two-hundred day simple moving average of $39.60. The firm has a market cap of $166.21 billion, a P/E ratio of 11.43, a P/E/G ratio of 1.14 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.08 EPS. Equities analysts anticipate that Comcast Co. will post 4.27 EPS for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.89%. Comcast’s dividend payout ratio is presently 33.33%.

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.