JARISLOWSKY FRASER Ltd Reduces Stock Position in Comcast Co. (NASDAQ:CMCSA)

JARISLOWSKY FRASER Ltd trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 13.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,201 shares of the cable giant's stock after selling 35,435 shares during the period. JARISLOWSKY FRASER Ltd's holdings in Comcast were worth $8,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Fortitude Family Office LLC boosted its holdings in shares of Comcast by 36.1% in the 4th quarter. Fortitude Family Office LLC now owns 2,251 shares of the cable giant's stock valued at $84,000 after buying an additional 597 shares in the last quarter. ORG Partners LLC boosted its holdings in shares of Comcast by 53.9% in the 4th quarter. ORG Partners LLC now owns 4,772 shares of the cable giant's stock valued at $179,000 after buying an additional 1,672 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Comcast by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 666,389 shares of the cable giant's stock valued at $25,010,000 after buying an additional 7,387 shares in the last quarter. Graypoint LLC boosted its holdings in shares of Comcast by 2.1% in the 4th quarter. Graypoint LLC now owns 33,854 shares of the cable giant's stock valued at $1,271,000 after buying an additional 701 shares in the last quarter. Finally, Czech National Bank boosted its holdings in shares of Comcast by 5.2% in the 4th quarter. Czech National Bank now owns 827,622 shares of the cable giant's stock valued at $31,061,000 after buying an additional 40,676 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

Shares of CMCSA stock traded down $0.23 during trading hours on Wednesday, hitting $34.56. The stock had a trading volume of 18,156,263 shares, compared to its average volume of 21,914,066. The firm has a market capitalization of $129.04 billion, a PE ratio of 8.33, a PEG ratio of 1.78 and a beta of 0.97. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31. The stock's 50 day moving average is $34.90 and its 200 day moving average is $37.42. 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 released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.04 earnings per share. As a group, research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on CMCSA. Macquarie lowered their price target on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their price objective on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Morgan Stanley set a $37.00 price objective on shares of Comcast in a research report on Friday, April 25th. Citigroup decreased their price objective 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. Finally, Oppenheimer decreased their price objective 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. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Comcast has an average rating of "Moderate Buy" and a consensus price target of $42.10.

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.