Comcast Co. (NASDAQ:CMCSA) Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 3.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,098,492 shares of the cable giant’s stock after selling 37,115 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Comcast were worth $43,017,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Aviso Wealth Management grew its position in Comcast by 44.6% in the second quarter. Aviso Wealth Management now owns 21,731 shares of the cable giant’s stock worth $851,000 after acquiring an additional 6,698 shares during the period. Ascent Group LLC lifted its stake in shares of Comcast by 6.6% in the 2nd quarter. Ascent Group LLC now owns 62,262 shares of the cable giant’s stock valued at $2,438,000 after purchasing an additional 3,834 shares during the last quarter. Bontempo Ohly Capital Mgmt LLC lifted its stake in shares of Comcast by 0.8% in the 2nd quarter. Bontempo Ohly Capital Mgmt LLC now owns 96,370 shares of the cable giant’s stock valued at $3,774,000 after purchasing an additional 734 shares during the last quarter. SkyView Investment Advisors LLC increased its position in shares of Comcast by 14.9% during the 2nd quarter. SkyView Investment Advisors LLC now owns 11,821 shares of the cable giant’s stock worth $463,000 after purchasing an additional 1,532 shares during the last quarter. Finally, Kathmere Capital Management LLC increased its position in shares of Comcast by 18.0% during the 2nd quarter. Kathmere Capital Management LLC now owns 13,174 shares of the cable giant’s stock worth $516,000 after purchasing an additional 2,010 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 1.5 %

Shares of Comcast stock opened at $41.64 on Friday. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The company has a 50 day moving average of $39.69 and a 200 day moving average of $39.59. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $163.38 billion, a P/E ratio of 11.02, a P/E/G ratio of 1.08 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. During the same quarter in the previous year, the firm posted $1.13 earnings per share. The company’s revenue was down 2.7% compared to the same quarter last year. As a group, research analysts forecast that Comcast Co. will post 4.23 EPS for the current fiscal 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 given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CMCSA. Macquarie reaffirmed a “neutral” rating and set a $40.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Evercore ISI cut their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. The Goldman Sachs Group began coverage on Comcast in a research report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target for the company. Finally, Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $45.58.

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.