Profund Advisors LLC Sells 2,384 Shares of Comcast Co. (NASDAQ:CMCSA)

Profund Advisors LLC trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 326,009 shares of the cable giant’s stock after selling 2,384 shares during the quarter. Profund Advisors LLC’s holdings in Comcast were worth $12,767,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Gilbert & Cook Inc. lifted 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 purchasing an additional 1,459 shares in the last quarter. Gryphon Financial Partners LLC increased its holdings in shares of Comcast by 71.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 50,539 shares of the cable giant’s stock worth $2,451,000 after purchasing an additional 21,112 shares during the period. Avantax Planning Partners Inc. raised its position in shares of Comcast by 4.5% in the fourth quarter. Avantax Planning Partners Inc. now owns 11,980 shares of the cable giant’s stock worth $525,000 after buying an additional 521 shares in the last quarter. HCR Wealth Advisors bought a new stake in Comcast during the fourth quarter valued at $228,000. Finally, Congress Wealth Management LLC DE grew its position in Comcast by 21.7% during the fourth quarter. Congress Wealth Management LLC DE now owns 29,370 shares of the cable giant’s stock worth $1,288,000 after buying an additional 5,230 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA opened at $40.11 on Friday. 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 Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The stock’s 50 day simple moving average is $39.57 and its 200 day simple moving average is $39.65. The firm has a market cap of $157.38 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 1.03 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. The company had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.13 earnings per share. As a group, analysts predict that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is 32.80%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 13th. Macquarie reissued a “neutral” rating and issued a $40.00 price target on shares of Comcast in a research note on Wednesday, July 24th. 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. Evercore ISI cut their target price 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. Finally, Pivotal Research lowered their price target on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $45.78.

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.