Comcast Corporation $CMCSA Stake Lowered by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. lessened its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,939,789 shares of the cable giant’s stock after selling 267,190 shares during the quarter. Comcast comprises 2.4% of Beutel Goodman & Co Ltd.’s portfolio, making the stock its 10th biggest holding. Beutel Goodman & Co Ltd. owned approximately 0.32% of Comcast worth $426,131,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. QRG Capital Management Inc. lifted its holdings in shares of Comcast by 13.0% in the 2nd quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock worth $25,867,000 after buying an additional 83,631 shares during the period. Vanguard Group Inc. raised its holdings in shares of Comcast by 0.3% in the second quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock valued at $13,185,275,000 after acquiring an additional 1,257,196 shares in the last quarter. Aberdeen Group plc lifted its stake in Comcast by 5.4% in the second quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock worth $103,142,000 after acquiring an additional 147,231 shares during the period. Penserra Capital Management LLC increased its holdings in Comcast by 20.0% during the second quarter. Penserra Capital Management LLC now owns 82,089 shares of the cable giant’s stock valued at $2,928,000 after buying an additional 13,653 shares during the period. Finally, Resona Asset Management Co. Ltd. lifted its stake in shares of Comcast by 10.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock worth $47,254,000 after purchasing an additional 118,839 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 0.8%

Comcast stock opened at $27.20 on Friday. The business’s 50-day moving average price is $28.57 and its 200 day moving average price is $32.14. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The firm has a market cap of $99.11 billion, a price-to-earnings ratio of 4.53, a price-to-earnings-growth ratio of 1.88 and a beta of 0.83. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $43.30.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The company had revenue of $30.34 billion during the quarter. As a group, sell-side analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a yield of 4.9%. Comcast’s dividend payout ratio is 21.96%.

Analysts Set New Price Targets

Several research firms have issued reports on CMCSA. Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. Williams Trading set a $40.00 target price on shares of Comcast in a research report on Friday, October 31st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Comcast from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Bank of America decreased their price target on Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Finally, Evercore ISI lowered their price target on Comcast from $40.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Eleven equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $35.82.

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.