Comcast Co. (NASDAQ:CMCSA) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 4.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 310,394 shares of the cable giant’s stock after selling 14,119 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Comcast were worth $12,965,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Fairscale Capital LLC bought a new position in shares of Comcast during the second quarter worth about $26,000. Strategic Financial Concepts LLC acquired a new position in shares of Comcast during the second quarter worth approximately $27,000. IAG Wealth Partners LLC boosted its position in Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after acquiring an additional 522 shares during the period. McClarren Financial Advisors Inc. increased its holdings in shares of Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares during the period. Finally, Archer Investment Corp lifted its holdings in Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after purchasing an additional 519 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. TD Cowen reduced their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday. Pivotal Research lifted their price target on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $47.75 to $48.00 in a research note on Friday. Barclays upped their price target on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.75.

Comcast Stock Down 2.4 %

CMCSA opened at $42.53 on Tuesday. The company has a market capitalization of $164.70 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 1.14 and a beta of 1.00. The business has a 50-day moving average of $40.85 and a 200-day moving average of $39.60. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. During the same quarter in the previous year, the business earned $1.08 EPS. Comcast’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts forecast that Comcast Co. will post 4.27 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is 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.