Brown Brothers Harriman & Co. Decreases Position in Comcast Co. (NASDAQ:CMCSA)

Brown Brothers Harriman & Co. lowered its position in Comcast Co. (NASDAQ:CMCSA) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 400,390 shares of the cable giant’s stock after selling 6,643 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Comcast were worth $16,724,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Quadrature Capital Ltd acquired a new stake in shares of Comcast during the first quarter valued at $773,000. Waverly Advisors LLC boosted its stake in shares of Comcast by 16.6% during the 1st quarter. Waverly Advisors LLC now owns 39,393 shares of the cable giant’s stock worth $1,708,000 after purchasing an additional 5,602 shares during the last quarter. Sweeney & Michel LLC acquired a new stake in shares of Comcast during the 1st quarter worth about $684,000. B. Riley Wealth Advisors Inc. raised its position in shares of Comcast by 6.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 108,416 shares of the cable giant’s stock valued at $4,807,000 after buying an additional 6,304 shares during the last quarter. Finally, Global Financial Private Client LLC lifted its stake in shares of Comcast by 2.3% during the first quarter. Global Financial Private Client LLC now owns 25,253 shares of the cable giant’s stock valued at $1,068,000 after buying an additional 565 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CMCSA has been the subject of several analyst reports. KeyCorp boosted their price target on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Macquarie raised their price target on Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, TD Cowen decreased their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.19.

Comcast Price Performance

CMCSA stock opened at $43.47 on Monday. The stock has a 50-day simple moving average of $41.98 and a 200-day simple moving average of $40.05. The firm has a market cap of $166.34 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 1.64 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 1 year low of $36.43 and a 1 year high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (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 for the quarter, compared to analyst estimates of $31.78 billion. During the same quarter last year, the firm posted $1.08 earnings per share. The business’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities analysts predict that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.85%. 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.