Comcast Co. (NASDAQ:CMCSA) Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 156,141 shares of the cable giant’s stock after selling 1,810 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Comcast were worth $6,114,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CMCSA. Capital World Investors raised its stake in Comcast by 17.0% during the 4th quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock valued at $4,725,926,000 after acquiring an additional 15,625,543 shares in the last quarter. Ontario Teachers Pension Plan Board raised its stake in shares of Comcast by 25,881.7% during the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock valued at $470,391,000 after purchasing an additional 10,809,231 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Comcast by 41.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after purchasing an additional 8,243,302 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Comcast by 80.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock valued at $457,007,000 after buying an additional 4,714,586 shares in the last quarter. Finally, Morningstar Investment Services LLC grew its position in Comcast by 116.8% in the 4th quarter. Morningstar Investment Services LLC now owns 5,145,838 shares of the cable giant’s stock valued at $227,034,000 after buying an additional 2,772,190 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CMCSA. Evercore ISI decreased their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. KeyCorp lowered their target price on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. The Goldman Sachs Group started coverage on shares of Comcast in a report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target on the stock. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, September 13th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $45.78.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $40.11 on Friday. 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 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The business’s fifty day moving average price is $39.57 and its two-hundred day moving average price is $39.66. The stock has a market capitalization of $157.38 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business’s revenue was down 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.13 EPS. As a group, analysts predict that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.09%. Comcast’s payout ratio is currently 32.80%.

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.