Comcast Co. (NASDAQ:CMCSA) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 10.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,913,323 shares of the cable giant’s stock after selling 466,732 shares during the quarter. ProShare Advisors LLC owned about 0.10% of Comcast worth $153,246,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CMCSA. Gilbert & Cook Inc. raised its position in Comcast by 10.3% during the 4th quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock worth $685,000 after buying an additional 1,459 shares during the last quarter. Gryphon Financial Partners LLC increased its stake in shares of Comcast by 71.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 50,539 shares of the cable giant’s stock worth $2,451,000 after acquiring an additional 21,112 shares during the period. Avantax Planning Partners Inc. raised its holdings in Comcast by 4.5% during the fourth quarter. Avantax Planning Partners Inc. now owns 11,980 shares of the cable giant’s stock worth $525,000 after purchasing an additional 521 shares in the last quarter. HCR Wealth Advisors acquired a new stake in Comcast in the fourth quarter valued at about $228,000. Finally, Congress Wealth Management LLC DE boosted its holdings in Comcast by 21.7% in the 4th quarter. Congress Wealth Management LLC DE now owns 29,370 shares of the cable giant’s stock valued at $1,288,000 after purchasing an additional 5,230 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ:CMCSA opened at $40.11 on Friday. The firm has a market cap of $157.38 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The company’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 posted its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.13 earnings per share. Research analysts expect that Comcast Co. will post 4.23 EPS for the current year.

Comcast Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently commented on the company. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday, July 24th. Macquarie reissued a “neutral” rating and issued a $40.00 target price on shares of Comcast in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lowered 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. The Goldman Sachs Group initiated coverage on shares of Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective for the company. Finally, StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, September 13th. One 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. According to data from MarketBeat, Comcast currently has a consensus rating of “Hold” and a consensus 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.