Comcast Corporation $CMCSA Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC lowered its position in Comcast Corporation (NASDAQ:CMCSA) by 32.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,627 shares of the cable giant’s stock after selling 16,617 shares during the quarter. GAMMA Investing LLC’s holdings in Comcast were worth $1,088,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Comcast in the 2nd quarter valued at $3,528,361,000. Dodge & Cox raised its stake in Comcast by 18.1% in the second quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock valued at $3,971,309,000 after buying an additional 17,054,579 shares in the last quarter. First Trust Advisors LP lifted its holdings in Comcast by 133.1% during the 2nd quarter. First Trust Advisors LP now owns 10,187,177 shares of the cable giant’s stock worth $363,580,000 after buying an additional 5,817,614 shares during the last quarter. Worldquant Millennium Advisors LLC boosted its position in shares of Comcast by 554.9% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock worth $178,634,000 after acquiring an additional 4,240,876 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Comcast by 2.5% in the 2nd quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock valued at $6,166,154,000 after acquiring an additional 4,231,140 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $30.32 on Thursday. Comcast Corporation has a one year low of $25.75 and a one year high of $38.94. The stock has a market capitalization of $110.48 billion, a price-to-earnings ratio of 5.04, a PEG ratio of 2.04 and a beta of 0.83. The company has a 50-day simple moving average of $28.01 and a 200-day simple moving average of $31.69. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88.

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

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.4%. Comcast’s payout ratio is presently 21.96%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several recent analyst reports. Royal Bank Of Canada decreased their target price on Comcast from $38.00 to $32.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. Barclays reduced their price objective on shares of Comcast from $34.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, November 3rd. The Goldman Sachs Group restated a “neutral” rating and issued a $30.00 target price (down previously from $39.00) on shares of Comcast in a report on Friday, October 31st. JPMorgan Chase & Co. cut their price target on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Finally, Arete Research reduced their price target on shares of Comcast from $39.00 to $33.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Comcast presently has an average rating of “Hold” and an average target price of $35.78.

Comcast 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.