Gulf International Bank UK Ltd Sells 84,108 Shares of Comcast Corporation (NASDAQ:CMCSA)

Key Points

• Gulf International Bank UK Ltd reduced its stake in Comcast Corporation by 27.8%, selling 84,108 shares, and now holds a total of 218,903 shares worth approximately $8.08 million according to its recent SEC filing.
• Comcast will issue a quarterly dividend of $0.33 per share on October 22nd, translating to an annualized dividend yield of 4.1%.
• As of now, Comcast's stock price is $32.10, and it has seen a 2.1% year-over-year revenue growth based on its latest earnings report.

Gulf International Bank UK Ltd trimmed its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 27.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 218,903 shares of the cable giant's stock after selling 84,108 shares during the period. Gulf International Bank UK Ltd's holdings in Comcast were worth $8,077,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital World Investors lifted its position 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 in the last quarter. Dodge & Cox lifted its stake in Comcast by 6.8% in the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock valued at $2,968,723,000 after acquiring an additional 5,039,823 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after acquiring an additional 5,402,377 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Comcast by 12.8% during the 4th quarter. Northern Trust Corp now owns 42,479,501 shares of the cable giant's stock worth $1,594,256,000 after buying an additional 4,819,443 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Comcast by 16.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,356,027 shares of the cable giant's stock worth $1,326,912,000 after buying an additional 4,991,891 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CMCSA. Rosenblatt Securities raised their price objective on shares of Comcast from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Argus downgraded shares of Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Citigroup reduced their price target on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Bernstein Bank dropped their price objective on Comcast from $38.00 to $37.00 and set a "market perform" rating on the stock in a research note on Friday, April 25th. Finally, Benchmark reiterated a "buy" rating on shares of Comcast in a research note on Friday, July 18th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $40.73.

Comcast Stock Up 2.2%

Shares of CMCSA opened at $32.10 on Wednesday. Comcast Corporation has a 52 week low of $31.03 and a 52 week high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $118.52 billion, a price-to-earnings ratio of 5.31, a PEG ratio of 1.89 and a beta of 0.92. The stock's 50-day moving average price is $34.44 and its 200-day moving average price is $34.86.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%. The firm had revenue of $30.31 billion for the quarter, compared to the consensus estimate of $29.81 billion. During the same quarter in the prior year, the business earned $1.21 earnings per share. The company's revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.1%. Comcast's dividend payout ratio is currently 21.82%.

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.

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