Benjamin Edwards Inc. Has $1.50 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Benjamin Edwards Inc. lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 41.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,222 shares of the cable giant’s stock after selling 26,801 shares during the quarter. Benjamin Edwards Inc.’s holdings in Comcast were worth $1,497,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. raised its stake in Comcast by 45.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 160,112 shares of the cable giant’s stock worth $6,270,000 after acquiring an additional 50,372 shares in the last quarter. Wealth Advisors of Tampa Bay LLC increased its stake in shares of Comcast by 6.4% in the second quarter. Wealth Advisors of Tampa Bay LLC now owns 107,974 shares of the cable giant’s stock valued at $4,228,000 after buying an additional 6,450 shares during the period. Ieq Capital LLC increased its stake in shares of Comcast by 4.4% in the second quarter. Ieq Capital LLC now owns 218,563 shares of the cable giant’s stock valued at $8,559,000 after buying an additional 9,200 shares during the period. Intech Investment Management LLC increased its stake in shares of Comcast by 34.0% in the second quarter. Intech Investment Management LLC now owns 1,636,635 shares of the cable giant’s stock valued at $64,091,000 after buying an additional 414,828 shares during the period. Finally, ProVise Management Group LLC increased its stake in shares of Comcast by 4.0% in the second quarter. ProVise Management Group LLC now owns 440,851 shares of the cable giant’s stock valued at $17,264,000 after buying an additional 16,795 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the subject of several recent research reports. Barclays lowered their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. Pivotal Research lowered their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, September 13th. Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $45.78.

Comcast Trading Up 1.1 %

NASDAQ CMCSA opened at $40.27 on Friday. The firm has a market capitalization of $158.00 billion, a P/E ratio of 10.65, a PEG ratio of 1.03 and a beta of 1.01. The business has a fifty day simple moving average of $39.53 and a 200 day simple moving average of $39.68. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS 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 analyst estimates of $30.02 billion. During the same period in the prior year, the firm posted $1.13 EPS. Comcast’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, analysts predict that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Dividend Announcement

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. 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 is presently 32.80%.

Comcast 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.