Comcast Co. (NASDAQ:CMCSA) Stock Position Trimmed by Hancock Whitney Corp

Hancock Whitney Corp trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 75.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82,831 shares of the cable giant’s stock after selling 254,049 shares during the period. Hancock Whitney Corp’s holdings in Comcast were worth $3,244,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Capital World Investors grew its position in Comcast by 17.0% in 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 buying an additional 15,625,543 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its holdings in shares of Comcast by 25,881.7% in 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 acquiring an additional 10,809,231 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Comcast by 41.7% in 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 acquiring an additional 8,243,302 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in Comcast by 80.9% during the first quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock worth $457,007,000 after purchasing an additional 4,714,586 shares in the last quarter. Finally, Morningstar Investment Services LLC lifted its position in Comcast by 116.8% in the fourth quarter. Morningstar Investment Services LLC now owns 5,145,838 shares of the cable giant’s stock worth $227,034,000 after purchasing an additional 2,772,190 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Down 0.4 %

Comcast stock opened at $40.11 on Friday. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company’s fifty day moving average price is $39.57 and its two-hundred day moving average price is $39.65. 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 company has a market capitalization of $157.38 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 1.03 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. During the same quarter last year, the company posted $1.13 earnings per share. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, analysts forecast that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. The Goldman Sachs Group started coverage on Comcast in a report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price target on the stock. Evercore ISI reduced their price objective on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. Finally, Pivotal Research decreased their price target on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $45.78.

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.