Dimensional Fund Advisors LP Lowers Stake in Comcast Co. (NASDAQ:CMCSA)

Dimensional Fund Advisors LP lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,686,503 shares of the cable giant's stock after selling 686,984 shares during the period. Comcast accounts for about 0.5% of Dimensional Fund Advisors LP's investment portfolio, making the stock its 16th largest position. Dimensional Fund Advisors LP owned about 0.94% of Comcast worth $1,652,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its position in Comcast by 39.7% in the third quarter. Envestnet Asset Management Inc. now owns 10,065,475 shares of the cable giant's stock worth $446,303,000 after purchasing an additional 2,861,358 shares during the last quarter. Lord Abbett & CO. LLC increased its position in Comcast by 43.3% in the third quarter. Lord Abbett & CO. LLC now owns 6,311,296 shares of the cable giant's stock worth $279,843,000 after purchasing an additional 1,907,973 shares during the last quarter. SG Americas Securities LLC increased its position in Comcast by 422.9% in the fourth quarter. SG Americas Securities LLC now owns 1,678,815 shares of the cable giant's stock worth $73,616,000 after purchasing an additional 1,357,756 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Comcast by 35.5% in the third quarter. Canada Pension Plan Investment Board now owns 4,689,476 shares of the cable giant's stock worth $207,931,000 after purchasing an additional 1,227,469 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in Comcast in the third quarter worth $49,424,000. Institutional investors own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CMCSA shares. Scotiabank reduced their price target on shares of Comcast from $50.00 to $47.25 and set a "sector perform" rating on the stock in a research report on Friday, April 26th. Oppenheimer reaffirmed an "outperform" rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. Benchmark reaffirmed a "buy" rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. BNP Paribas reaffirmed a "neutral" rating and set a $45.00 price objective on shares of Comcast in a research note on Tuesday, April 9th. Finally, Citigroup dropped their price objective on shares of Comcast from $53.00 to $48.00 and set a "buy" rating for the company in a research note on Monday, April 29th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $49.60.

Comcast Stock Up 2.0 %

Comcast stock traded up $0.77 during midday trading on Friday, reaching $39.31. The company's stock had a trading volume of 15,227,369 shares, compared to its average volume of 22,701,356. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $154.24 billion, a P/E ratio of 10.40, a PEG ratio of 0.96 and a beta of 0.99. The stock's 50-day simple moving average is $40.89 and its 200-day simple moving average is $42.21. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.92 earnings per share. On average, sell-side analysts expect that Comcast Co. will post 4.21 EPS for the current year.

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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