Vaughan David Investments LLC IL Has $1.25 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Vaughan David Investments LLC IL lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 32.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,399 shares of the cable giant’s stock after selling 15,762 shares during the period. Vaughan David Investments LLC IL’s holdings in Comcast were worth $1,253,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB grew its stake in 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 valued at $345,565,000 after buying an additional 8,258,128 shares during the last quarter. FMR LLC lifted its position in Comcast by 5.4% during the 3rd 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 during the last quarter. Public Sector Pension Investment Board boosted its holdings in Comcast by 530.5% during the third quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock valued at $143,242,000 after acquiring an additional 2,885,370 shares during the period. National Bank of Canada FI grew its position in shares of Comcast by 31.7% in the third quarter. National Bank of Canada FI now owns 7,613,977 shares of the cable giant’s stock valued at $318,036,000 after purchasing an additional 1,833,453 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Comcast by 6.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock worth $1,268,310,000 after purchasing an additional 1,717,762 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Comcast Price Performance

Comcast stock opened at $35.85 on Wednesday. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The firm has a market cap of $135.55 billion, a P/E ratio of 8.64, a P/E/G ratio of 1.78 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The business’s fifty day moving average is $36.47 and its two-hundred day moving average is $39.55.

Comcast (NASDAQ:CMCSA) last issued 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 net margin of 13.09% and a return on equity of 19.98%. Equities research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is 31.81%.

Analyst Ratings Changes

A number of research firms have issued reports on CMCSA. TD Cowen lowered their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Scotiabank downgraded shares of Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $48.00 to $44.50 in a research note on Monday, February 3rd. Morgan Stanley cut their target price on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Pivotal Research increased their price target on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Macquarie dropped their price objective on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $43.83.

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.