King Luther Capital Management Corp Sells 1,338 Shares of Comcast Co. (NASDAQ:CMCSA)

King Luther Capital Management Corp trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 2.0% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 65,330 shares of the cable giant’s stock after selling 1,338 shares during the period. King Luther Capital Management Corp’s holdings in Comcast were worth $2,729,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. EntryPoint Capital LLC grew its holdings in Comcast by 47.6% during the 1st quarter. EntryPoint Capital LLC now owns 2,231 shares of the cable giant’s stock worth $97,000 after acquiring an additional 719 shares during the period. Quadrature Capital Ltd bought a new position in shares of Comcast in the 1st quarter worth $773,000. Kestra Advisory Services LLC grew its stake in shares of Comcast by 4.2% during the first quarter. Kestra Advisory Services LLC now owns 272,668 shares of the cable giant’s stock worth $11,820,000 after purchasing an additional 11,077 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Comcast by 41.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after purchasing an additional 8,243,302 shares during the last quarter. Finally, QVR LLC acquired a new position in Comcast in the first quarter valued at about $398,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CMCSA. TD Cowen decreased their target price on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Pivotal Research upped their target price on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Macquarie lifted their price target on shares of Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Benchmark restated a “buy” rating and issued a $60.00 price objective on shares of Comcast in a research report on Tuesday. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and an average price target of $47.19.

Comcast Stock Down 0.1 %

Comcast stock opened at $43.47 on Friday. 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 1-year low of $36.43 and a 1-year high of $47.11. The company has a fifty day simple moving average of $41.98 and a 200 day simple moving average of $40.03. The company has a market cap of $166.34 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 1.60 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 earnings per share 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 company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter last year, the company earned $1.08 EPS. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. Research analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current fiscal 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 issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is presently 33.33%.

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.