Comcast Corporation (NASDAQ:CMCSA).
Fisher Asset Management, LLC reports that it sold 11,836,945 shares during the last quarter decreasing its holdings in Comcast Corporation by 46.7%. Its position was worth $526,500,000 a decrease of 44.8% according to the filing.
Other firms have also shifted positions in (CMCSA). Gateway Investment Advisers LLC reduced its investment by shedding 14,030 shares a decrease of 0.5% from 03/31/2017 to 06/30/2017. Gateway Investment Advisers LLC now controls 2,848,902 shares worth $110,879,000. The total value of its holdings increased 3.0%. Pennsylvania Trust Co grew its position by buying 103,959 shares an increase of 19.1% in the quarter. Pennsylvania Trust Co controls 647,172 shares with a value of $25,188,000. The value of the position overall is up by 23.4%.
Sprott Inc. downsized its ownership by selling 22,273 shares a decrease of 4.2% as of 06/30/2017. Sprott Inc. owns 507,303 shares valued at $19,744,000. The total value of its holdings decreased 0.8%.
On June 20 the company was downgraded to “Neutral” from “” by analysts at Moffett Nathanson. On October 24 the company was changed to a “Outperform” by Macquarie a boost from the previous “Neutral” rating.
July 28 investment analysts at Pacific Crest left the company rating at “Overweight” and moved up the price target to $74.00 from $65.00. On February 29 Barclays maintained a company rating of “Overweight” and lowered the price expectation from $68.00 to $65.00.
On February 5 the stock rating was upgraded from “Hold” to “Buy” and a price target of $72.00 was set in a report from Argus Research. On January 14 Nomura held the company rating at “Buy” and lowered the price target from $72.00 to $68.00.
The company is up since yesterday’s close of $38.77. Additionally the company announced a dividend for shareholders that will be paid on Wednesday the 26th of July 2017. The dividend payment will be $0.158 per share for the quarter which is $0.63 annualized. This dividend represents a yeild of $1.63 which is the dividend as a percentage of the current share price. The ex-dividend date is Monday the 3rd of April 2017.
It is trading at $39.02 marginally under $40.33, the 50 day moving average and a tad above the 200 day moving average of $37.94. The 50 day moving average went down by -3.24% and the 200 day average went up $1.08 or +2.84%.
The company currently has a P/E ratio of 20.70 and the market value is 185.07B. As of the last earnings report the EPS was $1.88 and is estimated to be $1.98 for the current year with 4,742,957,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.48 with next year’s EPS anticipated to be $2.22.
Short traders are more bullish on Comcast Corporation if you pay attention to the fall in short interest. The company realized a fall in short interest of -14.57% between June 15, 2017 and May 31, 2017. Short interest decreased from 78,095,422 to 66,718,735 over that period. Days to cover increased from 3.7 to 4.2 and the percentage of shorted shares was 0.01% on May 31.