Miracle Mile Advisors LLC Has $989,000 Stake in Comcast Co. (NASDAQ:CMCSA)

Miracle Mile Advisors LLC decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 14.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,546 shares of the cable giant’s stock after selling 3,927 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Comcast were worth $989,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Comcast during the 4th quarter worth approximately $1,798,173,000. Moneta Group Investment Advisors LLC boosted its stake in Comcast by 121,265.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 25,530,426 shares of the cable giant’s stock worth $892,799,000 after acquiring an additional 25,509,390 shares during the last quarter. Morgan Stanley boosted its stake in Comcast by 15.2% during the 4th quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock worth $1,876,273,000 after acquiring an additional 7,084,451 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Comcast by 62.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 15,271,853 shares of the cable giant’s stock worth $715,028,000 after acquiring an additional 5,880,050 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in Comcast by 229.6% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,369,912 shares of the cable giant’s stock worth $264,670,000 after acquiring an additional 4,437,276 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on CMCSA. Evercore ISI reissued an “outperform” rating and set a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. Rosenblatt Securities lifted their price target on shares of Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, December 22nd. Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and cut their price target for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Finally, Wells Fargo & Company lifted their price target on shares of Comcast from $45.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $49.68.

Read Our Latest Research Report on CMCSA

Comcast Price Performance

Shares of CMCSA opened at $42.28 on Tuesday. The company has a market cap of $167.93 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 1.00 and a beta of 0.98. Comcast Co. has a 1-year low of $36.38 and a 1-year high of $47.46. The company’s fifty day simple moving average is $43.11 and its 200 day simple moving average is $43.18. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSAGet Free Report) last issued its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The business had revenue of $31.25 billion for the quarter, compared to the consensus estimate of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. On average, research analysts forecast that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.93%. This is an increase from Comcast’s previous quarterly dividend of $0.29. The ex-dividend date is Tuesday, April 2nd. Comcast’s payout ratio is presently 31.18%.

Comcast Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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