Stephens Inc. AR Sells 21,053 Shares of Comcast Corporation $CMCSA

Key Points

• Stephens Inc. AR reduced its stake in Comcast by 5.0%, selling 21,053 shares and maintaining a total of 402,672 shares valued at approximately $14.37 million.
• Recent adjustments in positions by other institutional investors include significant increases from Dodge & Cox, Pacer Advisors Inc., and KBC Group NV, with a total of 84.32% of Comcast's stock now owned by institutional investors.
• Comcast announced a quarterly dividend of $0.33, reflecting an annualized dividend yield of 4.5%, with the ex-dividend date set for October 1st.

Stephens Inc. AR trimmed its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 5.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 402,672 shares of the cable giant's stock after selling 21,053 shares during the quarter. Stephens Inc. AR's holdings in Comcast were worth $14,371,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. Nuveen LLC bought a new stake in shares of Comcast during the 1st quarter valued at $940,015,000. Dodge & Cox raised its stake in shares of Comcast by 19.1% during the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant's stock valued at $3,476,635,000 after purchasing an additional 15,115,074 shares during the period. Pacer Advisors Inc. raised its stake in shares of Comcast by 1,959.3% during the 1st quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant's stock valued at $488,140,000 after purchasing an additional 12,586,329 shares during the period. KBC Group NV raised its stake in shares of Comcast by 724.7% during the 1st quarter. KBC Group NV now owns 10,160,649 shares of the cable giant's stock valued at $374,927,000 after purchasing an additional 8,928,641 shares during the period. Finally, Acadian Asset Management LLC raised its stake in shares of Comcast by 119.1% during the 1st quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant's stock valued at $280,238,000 after purchasing an additional 4,128,434 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on CMCSA. Bank of America reduced their target price on Comcast from $38.00 to $36.00 and set a "neutral" rating for the company in a research report on Monday, September 29th. Moffett Nathanson boosted their target price on Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Loop Capital reduced their target price on Comcast from $44.00 to $43.00 and set a "buy" rating for the company in a research report on Wednesday, October 1st. Weiss Ratings restated a "hold (c-)" rating on shares of Comcast in a research report on Tuesday, October 14th. Finally, Citigroup restated a "buy" rating on shares of Comcast in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Comcast currently has a consensus rating of "Hold" and a consensus target price of $39.76.

Comcast Price Performance

CMCSA opened at $29.54 on Monday. The stock has a 50-day moving average price of $32.23 and a 200-day moving average price of $33.66. Comcast Corporation has a 12-month low of $29.15 and a 12-month high of $45.31. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $109.07 billion, a P/E ratio of 4.88, a PEG ratio of 1.75 and a beta of 0.94.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The firm had revenue of $30.34 billion during the quarter. Equities analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Wednesday, October 1st. Comcast's dividend payout ratio is presently 21.82%.

About Comcast

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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