Comcast Co. (NASDAQ:CMCSA) Holdings Cut by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. trimmed its stake in Comcast Co. (NASDAQ:CMCSA) by 13.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 625,285 shares of the cable giant’s stock after selling 96,911 shares during the quarter. Dixon Mitchell Investment Counsel Inc.’s holdings in Comcast were worth $23,467,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CMCSA. Wilmington Savings Fund Society FSB raised its stake in shares of Comcast by 55,334.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock worth $345,565,000 after buying an additional 8,258,128 shares in the last quarter. FMR LLC raised its position in Comcast by 5.4% in the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after acquiring an additional 6,062,658 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Comcast by 92.1% during the 2nd quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock valued at $339,223,000 after purchasing an additional 4,182,525 shares in the last quarter. Public Sector Pension Investment Board boosted its position in shares of Comcast by 530.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock valued at $143,242,000 after purchasing an additional 2,885,370 shares in the last quarter. Finally, Darsana Capital Partners LP grew its stake in shares of Comcast by 26.7% in the 2nd quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock worth $372,020,000 after purchasing an additional 2,000,000 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 0.3 %

Shares of CMCSA stock opened at $36.40 on Thursday. The stock has a market cap of $139.29 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a fifty day moving average price of $40.44 and a 200 day moving average price of $40.23. Comcast Co. has a one year low of $36.15 and a one year high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period in the previous year, the business earned $1.08 EPS. The firm’s revenue was up 6.5% on a year-over-year basis. Analysts predict that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Announces Dividend

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 is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.41%. Comcast’s payout ratio is presently 33.33%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 4th. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Benchmark restated a “buy” rating and issued a $60.00 target price on shares of Comcast in a research note on Tuesday, November 19th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Insider Buying and Selling

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

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.