FDx Advisors Inc. owns $285,000 in Comcast Co. (NASDAQ:CMCSA)

FDx Advisors Inc. reduced its stake in Comcast Co. (NASDAQ:CMCSA – Free Report) by 66.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,284 shares of the cable giant’s stock after selling 14,470 shares during the period. Holdings of FDx Advisors Inc. in Comcast were worth $285,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Capital World Investors raised its position in Comcast by 7.4% in the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock worth $5,015,737,000 after buying an additional 7,929,963 shares during the period. Norges Bank acquired a new stake in shares of Comcast during the fourth quarter valued at approximately $2,542,988,000. Price T Rowe Associates Inc. MD boosted its stake in Comcast by 41.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock worth $1,214,512,000 after buying an additional 8,243,302 shares during the last quarter. Harris Associates LP boosted its holdings in Comcast by 10.9% in the fourth quarter. Harris Associates LP now owns 18,873,787 shares of the cable giant’s stock valued at $827,616,000 after buying an additional 1,854,671 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in Comcast by 3.4% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock valued at $495,694,000 after acquiring an additional 368,685 shares during the last quarter. 84.32% of the shares are currently owned by institutional investors and hedge funds.

Analyst upgrades and downgrades

A number of research firms recently weighed in on CMCSA. Benchmark reissued a “buy” rating and issued a $55.00 target price on shares of Comcast in a research note on Monday, May 13th. Barclays reduced their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. KeyCorp cut their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Macquarie reiterated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Finally, Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $45.78, based on data from MarketBeat.

See the latest stock report on Comcast

Comcast trading up 2.9%

NASDAQ CMCSA opened at $39.80 on Friday. The stock has a market cap of $156.16 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 1.05 and a beta of 1.00. Comcast Co. it has a 52-week low of $36.43 and a 52-week high of $47.11. The stock’s 50-day moving average is $39.23, and its two-hundred-day moving average is $39.86. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66, and a current ratio of 0.66.

Comcast (NASDAQ:CMCSA – Get Your Free Report ) last announced its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. In the same quarter last year, the company posted earnings of $1.13 per share. The company’s revenue fell 2.7% year over year. As a group, analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be given a $0.31 dividend. This represents a dividend of $1.24 on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Wednesday, October 2. Comcast’s dividend payout ratio is currently 32.80%.

Comcast profile

(Free report)

Comcast Corporation operates as a global media and technology company. It operates through the segments of residential connectivity and platforms, connectivity for business services, media, studios and theme parks. The Residential Connectivity and Platforms segment offers residential broadband and wireless connectivity services, residential and business video services, Sky-branded entertainment television networks and advertising.

Featured stories

Want to see what other hedge funds CMCSA owns? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Comcast Co. (NASDAQ:CMCSA – Free Report).

Get news and reviews for Comcast Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Comcast and related companies with MarketBeat.com’s FREE daily email newsletter.