W.H. Cornerstone Investments Inc. Has $1.14 Million Position in Comcast Co. (NASDAQ:CMCSA)

W.H. Cornerstone Investments Inc. trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 15.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,233 shares of the cable giant’s stock after selling 4,961 shares during the quarter. W.H. Cornerstone Investments Inc.’s holdings in Comcast were worth $1,138,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Financial Counselors Inc. increased its stake in Comcast by 4.9% during the 1st quarter. Financial Counselors Inc. now owns 45,158 shares of the cable giant’s stock worth $1,958,000 after acquiring an additional 2,111 shares during the period. Mutual Advisors LLC raised its stake in Comcast by 19.6% in the first quarter. Mutual Advisors LLC now owns 48,617 shares of the cable giant’s stock valued at $2,108,000 after purchasing an additional 7,980 shares in the last quarter. Commerce Bank lifted its position in Comcast by 0.3% during the first quarter. Commerce Bank now owns 447,787 shares of the cable giant’s stock worth $19,412,000 after purchasing an additional 1,259 shares during the period. Larson Financial Group LLC grew its stake in Comcast by 50.1% during the first quarter. Larson Financial Group LLC now owns 10,457 shares of the cable giant’s stock worth $453,000 after buying an additional 3,489 shares in the last quarter. Finally, TFB Advisors LLC bought a new position in Comcast in the 1st quarter valued at about $422,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 2.4 %

Shares of CMCSA opened at $42.53 on Tuesday. The company has a market capitalization of $164.70 billion, a PE ratio of 11.43, a PEG ratio of 1.14 and a beta of 1.00. The stock’s 50-day moving average price is $40.85 and its two-hundred day moving average price is $39.60. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the prior year, the business posted $1.08 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. On average, analysts anticipate that Comcast Co. will post 4.27 EPS for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.92%. Comcast’s dividend payout ratio is currently 33.33%.

Analyst Ratings Changes

CMCSA has been the topic of several analyst reports. Pivotal Research increased their price target on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday. Barclays lifted their price target on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. KeyCorp lifted their target price on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $47.75 to $48.00 in a report on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and an average price target of $46.75.

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.