Holderness Investments Co. Has $1.03 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Holderness Investments Co. raised its position in Comcast Co. (NASDAQ:CMCSA) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,343 shares of the cable giant’s stock after purchasing an additional 356 shares during the quarter. Holderness Investments Co.’s holdings in Comcast were worth $1,032,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Asset Management Group Inc. raised its holdings in shares of Comcast by 10.9% in the second quarter. Asset Management Group Inc. now owns 7,222 shares of the cable giant’s stock valued at $283,000 after purchasing an additional 709 shares during the last quarter. Boston Research & Management Inc. grew its position in Comcast by 2.2% in the second quarter. Boston Research & Management Inc. now owns 129,468 shares of the cable giant’s stock valued at $5,069,000 after purchasing an additional 2,780 shares in the last quarter. Sei Investments Co. increased its stake in Comcast by 8.4% in the 2nd quarter. Sei Investments Co. now owns 2,350,026 shares of the cable giant’s stock valued at $92,026,000 after buying an additional 182,130 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in Comcast by 32.0% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,077,132 shares of the cable giant’s stock worth $42,197,000 after buying an additional 261,160 shares in the last quarter. Finally, Bridges Investment Management Inc. boosted its stake in shares of Comcast by 46.0% during the 2nd quarter. Bridges Investment Management Inc. now owns 155,850 shares of the cable giant’s stock worth $6,103,000 after buying an additional 49,084 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on CMCSA shares. The Goldman Sachs Group started coverage on Comcast in a research report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 target price on the stock. Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective on the stock. in a research note on Tuesday, June 11th. KeyCorp decreased their target price on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Finally, 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. 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 MarketBeat.com, Comcast currently has a consensus rating of “Hold” and an average target price of $45.78.

Comcast Trading Down 0.4 %

Shares of CMCSA stock opened at $40.11 on Friday. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The company has a market capitalization of $157.38 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01. The firm has a 50 day moving average price of $39.57 and a two-hundred day moving average price of $39.65. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping 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 business had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. During the same period last year, the firm posted $1.13 EPS. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, analysts predict that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently declared 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 dividend yield of 3.09%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

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.