Comcast Co. (NASDAQ:CMCSA) Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 6.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,913,000 shares of the cable giant’s stock after selling 705,200 shares during the period. Swiss National Bank’s holdings in Comcast were worth $409,565,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CMCSA. World Investment Advisors LLC increased its position in shares of Comcast by 904.0% in the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock worth $10,632,000 after acquiring an additional 229,192 shares in the last quarter. Bfsg LLC boosted its stake in Comcast by 752.8% in the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock worth $3,129,000 after purchasing an additional 73,590 shares during the period. Raymond James Financial Inc. purchased a new position in Comcast during the 4th quarter worth approximately $743,681,000. Mission Wealth Management LP raised its stake in Comcast by 8.3% during the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock valued at $1,633,000 after purchasing an additional 3,344 shares during the period. Finally, Robinson Value Management Ltd. lifted its holdings in shares of Comcast by 136.7% in the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock valued at $3,842,000 after purchasing an additional 59,107 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Stock Performance

Shares of CMCSA opened at $35.19 on Thursday. The company has a market capitalization of $133.05 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a one year low of $32.50 and a one year high of $45.31. The company’s fifty day moving average price is $36.02 and its 200 day moving average price is $39.26.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.75%. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio is currently 31.81%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Loop Capital lowered their price target on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a research note on Friday, January 31st. Barclays reduced their price target on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Benchmark lowered their price objective on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, The Goldman Sachs Group cut their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

Comcast 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.