Cardinal Capital Management Inc. Has $254,000 Stock Position in Comcast Corporation $CMCSA

Cardinal Capital Management Inc. lessened its holdings in Comcast Corporation (NASDAQ:CMCSA) by 81.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,070 shares of the cable giant’s stock after selling 34,450 shares during the quarter. Cardinal Capital Management Inc.’s holdings in Comcast were worth $254,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Comcast by 0.3% during the second quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock worth $13,185,275,000 after acquiring an additional 1,257,196 shares in the last quarter. State Street Corp increased its position in Comcast by 2.5% during the 2nd quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock worth $6,166,154,000 after purchasing an additional 4,231,140 shares in the last quarter. Dodge & Cox lifted its stake in Comcast by 18.1% in the 2nd quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock valued at $3,971,309,000 after purchasing an additional 17,054,579 shares during the last quarter. Norges Bank acquired a new stake in Comcast in the second quarter valued at approximately $3,528,361,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Comcast by 7.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 36,154,170 shares of the cable giant’s stock worth $1,289,984,000 after buying an additional 2,517,906 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $28.21 on Tuesday. 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 company has a market capitalization of $102.79 billion, a PE ratio of 4.69, a P/E/G ratio of 1.87 and a beta of 0.83. The firm has a fifty day simple moving average of $28.03 and a 200 day simple moving average of $31.73. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $39.74.

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

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio is presently 21.96%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CMCSA. Williams Trading set a $40.00 price target on Comcast in a research note on Friday, October 31st. JPMorgan Chase & Co. cut their price target on Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Morgan Stanley reduced their price target on Comcast from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 10th. KeyCorp lowered shares of Comcast from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 30th. Finally, BNP Paribas Exane upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price target for the company in a research report on Tuesday, November 4th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Comcast currently has an average rating of “Hold” and a consensus price target of $35.78.

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.