Comcast Co. (NASDAQ:CMCSA) Stock Holdings Decreased by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co decreased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 5.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,715 shares of the cable giant’s stock after selling 1,673 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Comcast were worth $1,242,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Luken Investment Analytics LLC raised its holdings in shares of Comcast by 258.0% during the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock worth $25,000 after purchasing an additional 418 shares during the period. Steph & Co. lifted its holdings in Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after acquiring an additional 371 shares during the last quarter. OLD Point Trust & Financial Services N A acquired a new position in Comcast in the fourth quarter valued at approximately $28,000. Pineridge Advisors LLC bought a new position in shares of Comcast during the fourth quarter valued at approximately $32,000. Finally, Financial Synergies Wealth Advisors Inc. raised its position in shares of Comcast by 336.9% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after purchasing an additional 593 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of Comcast stock opened at $39.57 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The company’s 50-day moving average price is $39.14 and its two-hundred day moving average price is $39.92. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.30. The stock has a market cap of $155.26 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly 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. Comcast had a net margin of 12.46% and a return on equity of 20.17%. 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 business earned $1.13 earnings per share. Comcast’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.13%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of 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. Evercore ISI cut their price objective on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock 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 target price for the company. in a research report on Tuesday, June 11th. Macquarie reaffirmed a “neutral” rating and set a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. Finally, Pivotal Research decreased their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating for the company 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 issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $45.78.

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.