Kornitzer Capital Management Inc. KS Sells 1,206 Shares of Comcast Co. (NASDAQ:CMCSA)

Kornitzer Capital Management Inc. KS decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 443,787 shares of the cable giant’s stock after selling 1,206 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Comcast were worth $18,537,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Koshinski Asset Management Inc. increased its holdings in Comcast by 0.8% during the 3rd 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 period. Regent Peak Wealth Advisors LLC increased its stake 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 valued at $353,000 after buying an additional 257 shares during the period. Abich Financial Wealth Management LLC raised its holdings in shares of Comcast by 4.7% in the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after acquiring an additional 260 shares in the last quarter. Greenwich Wealth Management LLC lifted its position in shares of Comcast by 2.7% in the 2nd 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 period. Finally, Saxon Interests Inc. increased its holdings in Comcast by 2.0% during the third quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock valued at $566,000 after buying an additional 262 shares during the period. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Barclays boosted their target price on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. Finally, Benchmark restated a “buy” rating and set a $55.00 price target on shares of Comcast in a research note on Wednesday, October 30th. One investment 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $46.75.

Comcast Stock Down 1.4 %

Shares of NASDAQ CMCSA traded down $0.64 during mid-day trading on Thursday, hitting $44.50. The company had a trading volume of 1,265,820 shares, compared to its average volume of 19,644,816. The business’s 50-day simple moving average is $41.00 and its 200 day simple moving average is $39.66. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The company has a market capitalization of $172.33 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 1.14 and a beta of 1.00.

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

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

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.