Kesler Norman & Wride LLC Has $1.28 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Kesler Norman & Wride LLC trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 43.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,566 shares of the cable giant’s stock after selling 23,655 shares during the period. Kesler Norman & Wride LLC’s holdings in Comcast were worth $1,277,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Waterloo Capital L.P. bought a new stake in shares of Comcast in the fourth quarter worth $308,000. XML Financial LLC grew its holdings in shares of Comcast by 25.4% in the 4th quarter. XML Financial LLC now owns 35,181 shares of the cable giant’s stock valued at $1,543,000 after acquiring an additional 7,137 shares in the last quarter. Regal Investment Advisors LLC increased its position in shares of Comcast by 4.4% in the fourth quarter. Regal Investment Advisors LLC now owns 8,215 shares of the cable giant’s stock valued at $360,000 after acquiring an additional 343 shares during the last quarter. Keyes Stange & Wooten Wealth Management LLC acquired a new position in Comcast during the fourth quarter valued at approximately $624,000. Finally, Bennett Associates Wealth Management bought a new stake in shares of Comcast during the 4th quarter worth approximately $475,000. 84.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective for the company. in a research report on Tuesday, June 11th. Evercore ISI lowered their price objective on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. Barclays reduced their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Pivotal Research lowered their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, The Goldman Sachs Group assumed coverage on Comcast in a research report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $45.55.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $40.56 on Tuesday. The company has a market capitalization of $159.14 billion, a P/E ratio of 10.73, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01. The company’s 50-day moving average is $39.94 and its 200 day moving average is $39.51. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share 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 analyst estimates of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. Comcast’s revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.13 earnings per share. On average, equities research analysts forecast that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders 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 yield of 3.06%. The ex-dividend date of this dividend 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.