Comcast Co. (NASDAQ:CMCSA) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its position in Comcast Co. (NASDAQ:CMCSA) by 0.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,814,995 shares of the cable giant’s stock after selling 14,248 shares during the quarter. Thrivent Financial for Lutherans owned 0.07% of Comcast worth $117,582,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Edgestream Partners L.P. increased its stake in shares of Comcast by 8.0% in the first quarter. Edgestream Partners L.P. now owns 47,974 shares of the cable giant’s stock worth $2,080,000 after buying an additional 3,553 shares during the last quarter. Hillsdale Investment Management Inc. increased its position in shares of Comcast by 17.0% in the 1st quarter. Hillsdale Investment Management Inc. now owns 16,540 shares of the cable giant’s stock worth $717,000 after purchasing an additional 2,400 shares during the last quarter. Covestor Ltd raised its stake in shares of Comcast by 41.6% in the 1st quarter. Covestor Ltd now owns 6,175 shares of the cable giant’s stock valued at $268,000 after purchasing an additional 1,815 shares in the last quarter. Davis R M Inc. lifted its position in shares of Comcast by 8.3% during the first quarter. Davis R M Inc. now owns 71,901 shares of the cable giant’s stock worth $3,117,000 after purchasing an additional 5,502 shares during the last quarter. Finally, Lcnb Corp grew its stake in Comcast by 10.7% in the first quarter. Lcnb Corp now owns 9,514 shares of the cable giant’s stock worth $412,000 after purchasing an additional 919 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on CMCSA shares. Pivotal Research increased their target price on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $47.75 to $48.00 in a report on Friday, November 1st. TD Cowen lowered their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Barclays raised their price target on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, Macquarie reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Comcast in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $46.75.

Comcast Stock Performance

Shares of CMCSA stock opened at $42.88 on Friday. The business has a 50 day simple moving average of $41.61 and a 200 day simple moving average of $39.88. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $164.08 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $1.08 earnings per share. On average, equities research analysts anticipate that Comcast Co. will post 4.25 EPS for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is currently 33.33%.

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.