Comcast Co. (NASDAQ:CMCSA) Holdings Decreased by Edgestream Partners L.P.

Edgestream Partners L.P. trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 19.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,425 shares of the cable giant’s stock after selling 9,549 shares during the quarter. Edgestream Partners L.P.’s holdings in Comcast were worth $1,505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Steph & Co. lifted its position in Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 371 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Comcast during the second quarter valued at approximately $27,000. OLD Point Trust & Financial Services N A acquired a new position in shares of Comcast during the fourth quarter worth approximately $28,000. IAG Wealth Partners LLC grew its holdings in Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after buying an additional 522 shares in the last quarter. Finally, Pineridge Advisors LLC acquired a new stake in Comcast in the 4th quarter valued at approximately $32,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Down 0.4 %

CMCSA stock 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 firm has a market capitalization of $157.38 billion, a P/E ratio of 10.61, a P/E/G ratio of 1.03 and a beta of 1.01. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The company’s 50 day simple moving average is $39.57 and its 200-day simple moving average is $39.66.

Comcast (NASDAQ:CMCSA) last released its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. During the same quarter in the prior year, the company earned $1.13 earnings per share. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, equities research analysts anticipate that Comcast Co. will post 4.23 EPS for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued 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 dividend payout ratio is 32.80%.

Analyst Ratings Changes

Several research firms have recently issued reports on CMCSA. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target for the company. in a research note on Tuesday, June 11th. Evercore ISI decreased their target price on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. Pivotal Research dropped their price target on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. The Goldman Sachs Group started coverage on shares of Comcast in a report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective for the company. Finally, KeyCorp dropped their target price on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Comcast currently has an average rating of “Hold” and an average target price of $45.78.

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.