Comcast Co. (NASDAQ:CMCSA) Shares Sold by Richardson Financial Services Inc.

Richardson Financial Services Inc. decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 26.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,054 shares of the cable giant’s stock after selling 384 shares during the period. Richardson Financial Services Inc.’s holdings in Comcast were worth $41,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. WCG Wealth Advisors LLC raised its holdings in shares of Comcast by 6.8% in the second quarter. WCG Wealth Advisors LLC now owns 79,079 shares of the cable giant’s stock valued at $3,097,000 after buying an additional 5,062 shares during the last quarter. Sienna Gestion grew its holdings in shares of Comcast by 0.6% during the second quarter. Sienna Gestion now owns 294,443 shares of the cable giant’s stock worth $11,525,000 after buying an additional 1,794 shares during the last quarter. Lokken Investment Group LLC increased its position in Comcast by 14.0% in the 2nd quarter. Lokken Investment Group LLC now owns 27,282 shares of the cable giant’s stock valued at $1,068,000 after acquiring an additional 3,346 shares during the period. Blair William & Co. IL raised its stake in Comcast by 197.4% during the 2nd quarter. Blair William & Co. IL now owns 378,175 shares of the cable giant’s stock valued at $14,809,000 after acquiring an additional 251,008 shares during the last quarter. Finally, O Brien Greene & Co. Inc lifted its position in Comcast by 2.1% during the 2nd quarter. O Brien Greene & Co. Inc now owns 13,513 shares of the cable giant’s stock worth $529,000 after acquiring an additional 283 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA opened at $40.27 on Friday. The stock’s 50 day simple moving average is $39.53 and its 200 day simple moving average is $39.68. The stock has a market cap of $158.00 billion, a P/E ratio of 10.65, a P/E/G ratio of 1.03 and a beta of 1.01. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66.

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

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent research reports. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a report on Tuesday, June 11th. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Macquarie reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Comcast in a report on Wednesday, July 24th. Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Finally, StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently 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.