Worldquant Millennium Advisors LLC Sells 1,425,964 Shares of Comcast Co. (NASDAQ:CMCSA)

Worldquant Millennium Advisors LLC trimmed its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 94.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,603 shares of the cable giant's stock after selling 1,425,964 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in Comcast were worth $3,175,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Capital World Investors lifted its stake in Comcast by 8.6% in the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after purchasing an additional 11,255,683 shares during the last quarter. Norges Bank bought a new position in shares of Comcast in the 4th quarter valued at $3,835,226,000. Geode Capital Management LLC boosted its holdings in shares of Comcast by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock valued at $3,212,244,000 after acquiring an additional 1,006,272 shares in the last quarter. Dodge & Cox increased its holdings in Comcast by 6.8% in the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock worth $2,968,723,000 after purchasing an additional 5,039,823 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position 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 purchasing an additional 5,402,377 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CMCSA. KeyCorp reduced their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Benchmark reduced their target price on shares of Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Oppenheimer dropped their price target on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Rosenblatt Securities reissued a "neutral" rating and issued a $36.00 price objective on shares of Comcast in a research note on Monday, April 28th. Finally, Macquarie lowered their target price on Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Comcast currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Price Performance

CMCSA stock opened at $34.59 on Friday. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31. The stock has a market capitalization of $129.15 billion, a PE ratio of 8.33, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The company's 50-day moving average is $34.87 and its 200-day moving average is $37.12. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating 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 firm had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. During the same quarter last year, the firm posted $1.04 earnings per share. The company's revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.82%. Comcast's payout ratio is 32.43%.

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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