Two Sigma Investments LP Decreases Stock Position in Comcast Co. (NASDAQ:CMCSA)

Two Sigma Investments LP cut its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 57.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,204,117 shares of the cable giant's stock after selling 1,609,958 shares during the quarter. Two Sigma Investments LP's holdings in Comcast were worth $45,191,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Leonard Rickey Investment Advisors P.L.L.C. lifted its position in Comcast by 12.6% during the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 8,761 shares of the cable giant's stock valued at $329,000 after buying an additional 983 shares during the period. Koshinski Asset Management Inc. increased its stake in shares of Comcast by 38.2% in the 4th quarter. Koshinski Asset Management Inc. now owns 42,277 shares of the cable giant's stock worth $1,587,000 after acquiring an additional 11,693 shares in the last quarter. Mitchell & Pahl Private Wealth LLC increased its stake in shares of Comcast by 3.5% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 85,443 shares of the cable giant's stock worth $3,207,000 after acquiring an additional 2,912 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in Comcast by 2.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 535,622 shares of the cable giant's stock valued at $20,102,000 after acquiring an additional 14,230 shares during the period. Finally, ARS Investment Partners LLC boosted its stake in Comcast by 41.0% during the fourth quarter. ARS Investment Partners LLC now owns 191,691 shares of the cable giant's stock worth $7,194,000 after acquiring an additional 55,770 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMCSA has been the subject of several recent research reports. Oppenheimer lowered their target price on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Macquarie dropped their target price on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. The Goldman Sachs Group reduced their price target on Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a report on Friday, January 31st. KeyCorp lowered their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, Citigroup cut their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $42.10.

Comcast Price Performance

NASDAQ:CMCSA traded down $0.07 during trading hours on Friday, hitting $34.52. 13,930,047 shares of the stock traded hands, compared to its average volume of 21,933,168. The company has a market cap of $128.89 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31. The stock has a 50 day moving average price of $34.87 and a 200 day moving average price of $37.12. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

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

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.82%. 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.