EP Wealth Advisors LLC lessened its stake in Comcast Co. (NASDAQ:CMCSA – Get Rating) by 1.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,031 shares of the cable giant’s stock after selling 679 shares during the quarter. EP Wealth Advisors LLC’s holdings in Comcast were worth $2,483,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of CMCSA. Calton & Associates Inc. lifted its holdings in shares of Comcast by 3.1% in the 1st quarter. Calton & Associates Inc. now owns 7,021 shares of the cable giant’s stock worth $328,000 after acquiring an additional 212 shares during the last quarter. Pacifica Partners Inc. lifted its holdings in Comcast by 33.8% during the 1st quarter. Pacifica Partners Inc. now owns 989 shares of the cable giant’s stock valued at $46,000 after buying an additional 250 shares in the last quarter. Family Legacy Inc. lifted its holdings in Comcast by 5.5% during the 1st quarter. Family Legacy Inc. now owns 4,816 shares of the cable giant’s stock valued at $225,000 after buying an additional 250 shares in the last quarter. Mascoma Wealth Management LLC lifted its holdings in Comcast by 7.9% during the 1st quarter. Mascoma Wealth Management LLC now owns 3,491 shares of the cable giant’s stock valued at $163,000 after buying an additional 257 shares in the last quarter. Finally, Atticus Wealth Management LLC increased its position in Comcast by 9.0% during the 1st quarter. Atticus Wealth Management LLC now owns 3,119 shares of the cable giant’s stock valued at $146,000 after purchasing an additional 258 shares during the period. Institutional investors own 82.80% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. Macquarie downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $40.00 to $33.00 in a research report on Friday, July 29th. Vertical Research downgraded shares of Comcast to a “positive” rating in a research report on Tuesday, July 5th. Wells Fargo & Company cut their price objective on shares of Comcast from $37.00 to $36.00 and set an “underweight” rating on the stock in a research report on Monday. TheStreet downgraded shares of Comcast from a “b-” rating to a “c+” rating in a research report on Friday, July 29th. Finally, Cowen dropped their target price on shares of Comcast from $60.00 to $51.00 in a research report on Friday, July 29th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Comcast has a consensus rating of “Hold” and a consensus price target of $51.75.
Comcast Stock Performance
CMCSA opened at $34.00 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a fifty day moving average price of $38.46 and a 200 day moving average price of $41.92. Comcast Co. has a 1 year low of $33.41 and a 1 year high of $57.96. The stock has a market cap of $150.05 billion, a P/E ratio of 11.11, a P/E/G ratio of 0.68 and a beta of 0.90.
Comcast (NASDAQ:CMCSA – Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The cable giant reported $1.01 EPS for the quarter, topping the consensus estimate of $0.92 by $0.09. The company had revenue of $30.02 billion during the quarter, compared to analyst estimates of $29.72 billion. Comcast had a net margin of 11.54% and a return on equity of 16.67%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 EPS. Equities research analysts anticipate that Comcast Co. will post 3.62 earnings per share for the current year.
Comcast Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Tuesday, October 4th. Comcast’s payout ratio is presently 35.29%.
Comcast Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.
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