Barrow Hanley Mewhinney & Strauss LLC Sells 645,887 Shares of Comcast Co. (NASDAQ:CMCSA)

Barrow Hanley Mewhinney & Strauss LLC cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 18,147,678 shares of the cable giant’s stock after selling 645,887 shares during the period. Comcast comprises about 2.4% of Barrow Hanley Mewhinney & Strauss LLC’s holdings, making the stock its 7th biggest holding. Barrow Hanley Mewhinney & Strauss LLC owned 0.46% of Comcast worth $710,663,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital World Investors lifted its position in shares of Comcast by 17.0% in the fourth quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock valued at $4,725,926,000 after acquiring an additional 15,625,543 shares in the last quarter. Ontario Teachers Pension Plan Board raised its stake in Comcast by 25,881.7% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock valued at $470,391,000 after purchasing an additional 10,809,231 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings 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 valued at $1,214,512,000 after purchasing an additional 8,243,302 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Comcast by 80.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock worth $457,007,000 after purchasing an additional 4,714,586 shares during the last quarter. Finally, Morningstar Investment Services LLC grew its holdings in shares of Comcast by 116.8% during the fourth quarter. Morningstar Investment Services LLC now owns 5,145,838 shares of the cable giant’s stock worth $227,034,000 after buying an additional 2,772,190 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Down 0.4 %

NASDAQ CMCSA opened at $40.11 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market capitalization of $157.38 billion, a P/E ratio of 10.61, a PEG ratio of 1.03 and a beta of 1.01. The firm’s 50-day moving average is $39.57 and its two-hundred day moving average is $39.65. 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 data 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 firm had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. During the same period in the prior year, the business posted $1.13 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be paid a $0.31 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.09%. Comcast’s payout ratio is presently 32.80%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CMCSA shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Macquarie reissued a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, July 24th. Barclays reduced their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. Finally, KeyCorp dropped their target price on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Comcast currently has an average rating of “Hold” and an average price target of $45.78.

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.