McLean Asset Management Corp Has $371,000 Stake in Comcast Co. (NASDAQ:CMCSA)

McLean Asset Management Corp decreased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 2.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,000 shares of the cable giant’s stock after selling 268 shares during the quarter. McLean Asset Management Corp’s holdings in Comcast were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Steph & Co. lifted its stake in Comcast by 154.6% during the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 371 shares in the last quarter. Fairscale Capital LLC bought a new position in Comcast during the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC bought a new position in Comcast during the 2nd quarter valued at $27,000. OLD Point Trust & Financial Services N A bought a new position in Comcast during the 4th quarter valued at $28,000. Finally, IAG Wealth Partners LLC lifted its stake in Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CMCSA. KeyCorp lowered their target price on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Barclays lowered their target price on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. The Goldman Sachs Group began coverage on Comcast in a research note on Tuesday, June 25th. They set a “buy” rating and a $44.00 target price on the stock. Pivotal Research lowered their target price on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, Evercore ISI lowered their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Comcast presently has an average rating of “Hold” and a consensus target price of $45.55.

Comcast Trading Down 1.5 %

Shares of CMCSA traded down $0.63 during mid-day trading on Monday, hitting $40.56. 16,901,404 shares of the company’s stock traded hands, compared to its average volume of 19,874,711. 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 Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The firm has a market capitalization of $159.14 billion, a P/E ratio of 10.73, a PEG ratio of 1.08 and a beta of 1.01. The business’s 50-day moving average price is $39.94 and its 200-day moving average price is $39.51.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $30.02 billion. During the same period in the previous year, the firm earned $1.13 earnings per share. The business’s revenue was down 2.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a $0.31 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.06%. Comcast’s payout ratio is 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.