Comcast Co. (NASDAQ:CMCSA) Stock Holdings Lessened by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC lessened its position in Comcast Co. (NASDAQ:CMCSA) by 6.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,598 shares of the cable giant’s stock after selling 291 shares during the period. Capital Advisors Ltd. LLC’s holdings in Comcast were worth $199,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Greenwich Wealth Management LLC increased its holdings in shares of Comcast by 2.6% in the fourth quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock valued at $372,000 after purchasing an additional 219 shares during the last quarter. Legend Financial Advisors Inc. boosted its position in shares of Comcast by 17.5% in the fourth quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock valued at $65,000 after acquiring an additional 220 shares during the period. Beaumont Asset Management L.L.C. boosted its position in shares of Comcast by 1.6% in the fourth quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock valued at $620,000 after acquiring an additional 226 shares during the period. Keystone Financial Services boosted its position in shares of Comcast by 1.1% in the fourth quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock valued at $896,000 after acquiring an additional 229 shares during the period. Finally, Bollard Group LLC boosted its position in shares of Comcast by 0.7% in the fourth quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock valued at $1,622,000 after acquiring an additional 244 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Activity

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the completion of the transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.26% of the company’s stock.

Comcast Trading Down 0.0 %

Shares of Comcast stock opened at $38.16 on Wednesday. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46. The stock’s 50-day simple moving average is $38.67 and its 200 day simple moving average is $41.32. The stock has a market capitalization of $149.73 billion, a P/E ratio of 10.10, a P/E/G ratio of 0.98 and a beta of 1.00. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. As a group, research analysts anticipate that Comcast Co. will post 4.21 EPS for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s dividend payout ratio is presently 32.80%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CMCSA shares. Citigroup cut their price objective on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Macquarie dropped their target price on shares of Comcast from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. Finally, BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price for the company. in a research report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $48.53.

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.