Brighton Jones LLC Trims Holdings in Comcast Co. (NASDAQ:CMCSA)

Brighton Jones LLC reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 14.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 156,476 shares of the cable giant’s stock after selling 26,256 shares during the quarter. Brighton Jones LLC’s holdings in Comcast were worth $6,128,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Brevan Howard Capital Management LP bought a new position in Comcast in the 4th quarter worth about $2,056,000. Hotchkis & Wiley Capital Management LLC grew its stake in Comcast by 3.4% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock worth $495,694,000 after acquiring an additional 368,685 shares in the last quarter. Capital Investment Advisors LLC grew its stake in Comcast by 4.5% in the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after acquiring an additional 1,550 shares in the last quarter. First Hawaiian Bank grew its stake in Comcast by 8.9% in the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after acquiring an additional 15,664 shares in the last quarter. Finally, Gilbert & Cook Inc. grew its stake in Comcast by 10.3% in the 4th quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock worth $685,000 after acquiring an additional 1,459 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CMCSA has been the subject of several research reports. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, July 24th. Evercore ISI lowered their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target for the company. in a research report on Tuesday, June 11th. 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 research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $45.78.

Comcast Trading Up 1.1 %

Comcast stock opened at $40.27 on Friday. The stock has a 50-day moving average price of $39.53 and a 200 day moving average price of $39.68. The company has a market capitalization of $158.00 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01. Comcast Co. has a 52 week low of $36.43 and a 52 week 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.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. During the same period in the prior year, the firm earned $1.13 EPS. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. Sell-side analysts anticipate 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. Shareholders of record on Wednesday, October 2nd will be paid 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 payout ratio is currently 32.80%.

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.