Comcast Co. (NASDAQ:CMCSA) Stake Reduced by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 0.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,814,995 shares of the cable giant’s stock after selling 14,248 shares during the period. Thrivent Financial for Lutherans’ holdings in Comcast were worth $117,582,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Capital Investment Advisors LLC raised its holdings in shares of Comcast by 4.5% during the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after acquiring an additional 1,550 shares in the last quarter. First Hawaiian Bank lifted its holdings in Comcast by 8.9% in the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after purchasing an additional 15,664 shares during the last quarter. Douglas Lane & Associates LLC boosted its position in Comcast by 0.7% during the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after purchasing an additional 15,807 shares during the period. Wulff Hansen & CO. grew its holdings in Comcast by 3,816.0% during the second quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant’s stock valued at $21,866,000 after purchasing an additional 544,123 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in Comcast in the 1st quarter worth $773,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CMCSA. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. TD Cowen cut their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Barclays raised their price target on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note on Wednesday, November 6th. Finally, Benchmark reiterated a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and an average price target of $46.75.

Comcast Price Performance

Shares of Comcast stock opened at $42.88 on Friday. The stock has a market capitalization of $164.08 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 1.63 and a beta of 1.00. The firm’s 50-day moving average price is $41.61 and its two-hundred day moving average price is $39.88. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period in the prior year, the company earned $1.08 EPS. Comcast’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts predict that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.89%. Comcast’s dividend payout ratio is 33.33%.

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.