Comcast Co. (NASDAQ:CMCSA) Shares Sold by 1832 Asset Management L.P.

1832 Asset Management L.P. decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 0.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,340,493 shares of the cable giant’s stock after selling 5,274 shares during the period. 1832 Asset Management L.P.’s holdings in Comcast were worth $52,494,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Gilbert & Cook Inc. increased its position in shares of 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 purchasing an additional 1,459 shares during the last quarter. Gryphon Financial Partners LLC increased its position 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 valued at $2,451,000 after acquiring an additional 21,112 shares during the last quarter. HCR Wealth Advisors purchased a new stake in shares of Comcast in the 4th quarter valued at approximately $228,000. Congress Wealth Management LLC DE raised its stake in shares of 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 acquiring an additional 5,230 shares during the period. Finally, Cape Investment Advisory Inc. lifted its holdings in shares of Comcast by 9.3% in the 4th quarter. Cape Investment Advisory Inc. now owns 9,928 shares of the cable giant’s stock worth $435,000 after acquiring an additional 843 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Performance

Shares of CMCSA stock opened at $40.11 on Monday. The company has a market cap of $157.38 billion, a P/E ratio of 10.61, a PEG ratio of 1.03 and a beta of 1.01. The firm has a fifty day moving average price of $39.57 and a 200 day moving average price of $39.63. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.13 EPS. Sell-side analysts predict that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a dividend yield of 3.09%. Comcast’s dividend payout ratio is presently 32.80%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CMCSA shares. Pivotal Research cut their target price on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 13th. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a research note on Tuesday, June 11th. Deutsche Bank Aktiengesellschaft dropped their target price on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, KeyCorp reduced their price target on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $45.78.

About Comcast

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.