Legacy Financial Advisors Inc. Has $1.67 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Legacy Financial Advisors Inc. trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 4.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,595 shares of the cable giant’s stock after selling 2,005 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Comcast were worth $1,668,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. raised its stake in shares of Comcast by 10.3% in the fourth quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock valued at $685,000 after acquiring an additional 1,459 shares during the last quarter. Gryphon Financial Partners LLC raised its stake in shares of Comcast by 71.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 50,539 shares of the cable giant’s stock valued at $2,451,000 after acquiring an additional 21,112 shares during the last quarter. Tidemark LLC bought a new position in shares of Comcast in the fourth quarter valued at approximately $51,000. Commerce Bank raised its position in Comcast by 61.0% in the 4th quarter. Commerce Bank now owns 446,528 shares of the cable giant’s stock worth $19,580,000 after purchasing an additional 169,260 shares during the last quarter. Finally, FineMark National Bank & Trust raised its position in Comcast by 19.5% in the 4th quarter. FineMark National Bank & Trust now owns 86,975 shares of the cable giant’s stock worth $3,814,000 after purchasing an additional 14,170 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $40.11 on Friday. The stock has a market capitalization of $157.38 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 1.03 and a beta of 1.01. The business has a 50-day moving average of $39.57 and a 200-day moving average of $39.66. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $30.02 billion. During the same quarter last year, the company earned $1.13 EPS. Comcast’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, sell-side analysts predict that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Announces Dividend

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 paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.09%. Comcast’s dividend payout ratio (DPR) is currently 32.80%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CMCSA. The Goldman Sachs Group began coverage on shares of Comcast in a research report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective for the company. KeyCorp cut their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Pivotal Research cut their price target on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. BNP Paribas downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target on the stock. in a research note on Tuesday, June 11th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $45.78.

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.