Mackenzie Financial Corp Decreases Holdings in Comcast Co. (NASDAQ:CMCSA)

Mackenzie Financial Corp lowered its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 6.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 842,591 shares of the cable giant's stock after selling 61,659 shares during the quarter. Mackenzie Financial Corp's holdings in Comcast were worth $31,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Comcast in the fourth quarter worth $3,835,226,000. Raymond James Financial Inc. bought a new stake in shares of Comcast in the fourth quarter worth $743,681,000. Amundi grew its stake in shares of Comcast by 147.9% in the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant's stock worth $895,499,000 after purchasing an additional 14,369,056 shares during the last quarter. Capital World Investors grew its stake in shares of Comcast by 8.6% in the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after purchasing an additional 11,255,683 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Comcast by 12.0% during the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after purchasing an additional 5,402,377 shares during the period. Institutional investors own 84.32% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Rosenblatt Securities reissued a "neutral" rating and set a $36.00 target price on shares of Comcast in a research report on Monday, April 28th. Macquarie decreased their target price on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Benchmark decreased their target price on shares of Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Oppenheimer decreased their target price on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Finally, Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Trading Up 0.1%

Shares of Comcast stock traded up $0.05 on Friday, reaching $34.33. 7,566,688 shares of the company's stock were exchanged, compared to its average volume of 25,958,357. The company has a market capitalization of $128.16 billion, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. Comcast Co. has a 52 week low of $31.44 and a 52 week high of $45.31. The firm's 50-day moving average is $34.69 and its two-hundred day moving average is $36.79. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. During the same period last year, the business earned $1.04 EPS. Comcast's quarterly revenue was down .6% compared to the same quarter last year. Sell-side analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio is currently 32.43%.

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.