Weaver C. Barksdale & Associates Inc. Has $1.48 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Weaver C. Barksdale & Associates Inc. lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,722 shares of the cable giant’s stock after selling 597 shares during the quarter. Weaver C. Barksdale & Associates Inc.’s holdings in Comcast were worth $1,477,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bollard Group LLC grew its position in Comcast by 0.7% in the fourth quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock valued at $1,622,000 after acquiring an additional 244 shares during the last quarter. Tortoise Investment Management LLC grew its holdings in shares of Comcast by 4.5% during the 4th quarter. Tortoise Investment Management LLC now owns 5,801 shares of the cable giant’s stock valued at $254,000 after purchasing an additional 249 shares during the last quarter. Greenwich Wealth Management LLC increased its position in Comcast by 2.7% during the 2nd quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after purchasing an additional 261 shares in the last quarter. Verum Partners LLC lifted its stake in Comcast by 4.9% in the 2nd quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock valued at $222,000 after purchasing an additional 267 shares during the last quarter. Finally, Mcdonald Partners LLC boosted its position in Comcast by 1.4% in the first quarter. Mcdonald Partners LLC now owns 19,591 shares of the cable giant’s stock valued at $849,000 after buying an additional 270 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $40.27 on Friday. 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 $158.00 billion, a PE ratio of 10.65, a P/E/G ratio of 1.03 and a beta of 1.01. The firm has a fifty day simple moving average of $39.53 and a 200 day simple moving average of $39.68. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11.

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

Comcast Dividend Announcement

The business also recently disclosed 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 3.08%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is 32.80%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CMCSA shares. Pivotal Research lowered their price target 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. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 13th. Barclays dropped their target price on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Seaport Res Ptn cut Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Finally, The Goldman Sachs Group began coverage on Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.78.

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.