Comcast Co. (NASDAQ:CMCSA) Shares Sold by ASB Consultores LLC

ASB Consultores LLC cut its stake in Comcast Co. (NASDAQ:CMCSA) by 54.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,584 shares of the cable giant’s stock after selling 16,434 shares during the period. ASB Consultores LLC’s holdings in Comcast were worth $532,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Steph & Co. lifted its stake in Comcast by 154.6% during the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 371 shares during the period. Strategic Financial Concepts LLC acquired a new position in shares of Comcast in the 2nd quarter valued at $27,000. OLD Point Trust & Financial Services N A acquired a new position in shares of Comcast in the 4th quarter valued at $28,000. IAG Wealth Partners LLC lifted its stake in shares of Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares during the period. Finally, Pineridge Advisors LLC acquired a new position in shares of Comcast in the 4th quarter valued at $32,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Up 1.1 %

CMCSA stock opened at $40.27 on Friday. The company’s 50 day moving average price is $39.53 and its 200 day moving average price is $39.68. 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. The firm has a market capitalization of $158.00 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 1.03 and a beta of 1.01.

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

Comcast Announces Dividend

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. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.08%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. 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. Evercore ISI cut their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target for the company. in a report on Tuesday, June 11th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $45.78.

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.