Sanctuary Advisors LLC Acquires New Holdings in Comcast Co. (NASDAQ:CMCSA)

Sanctuary Advisors LLC acquired a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 759,093 shares of the cable giant’s stock, valued at approximately $29,278,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Edge Capital Group LLC increased its position in Comcast by 20.2% during the fourth quarter. Edge Capital Group LLC now owns 13,028 shares of the cable giant’s stock worth $571,000 after acquiring an additional 2,189 shares during the period. First Trust Advisors LP lifted its stake in shares of Comcast by 6.1% in the fourth quarter. First Trust Advisors LP now owns 3,383,141 shares of the cable giant’s stock valued at $148,351,000 after buying an additional 194,513 shares during the period. Capital World Investors grew its position in Comcast by 17.0% during the fourth quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock worth $4,725,926,000 after buying an additional 15,625,543 shares in the last quarter. Amussen Hunsaker Associates LLC increased its stake in Comcast by 3.5% during the fourth quarter. Amussen Hunsaker Associates LLC now owns 9,028 shares of the cable giant’s stock valued at $396,000 after acquiring an additional 307 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in Comcast by 184.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 753,487 shares of the cable giant’s stock valued at $33,040,000 after acquiring an additional 488,193 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CMCSA shares. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. KeyCorp dropped their target price on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price for the company. in a report on Tuesday, June 11th. Pivotal Research dropped their price objective on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast has an average rating of “Hold” and an average price target of $45.58.

Comcast Stock Down 0.2 %

CMCSA stock opened at $41.70 on Wednesday. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. 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 business has a 50 day moving average price of $39.80 and a two-hundred day moving average price of $39.55. The company has a market cap of $163.62 billion, a price-to-earnings ratio of 11.03, 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. The business had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. Comcast’s revenue was down 2.7% on a year-over-year basis. During the same period last year, the business posted $1.13 EPS. Analysts anticipate 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. Investors of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date is Wednesday, October 2nd. Comcast’s payout ratio is presently 32.80%.

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.