Holistic Financial Partners Has $861,000 Stake in Comcast Co. (NASDAQ:CMCSA)

Holistic Financial Partners lowered its holdings in Comcast Co. (NASDAQ:CMCSA) by 10.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,980 shares of the cable giant’s stock after selling 2,494 shares during the quarter. Holistic Financial Partners’ holdings in Comcast were worth $861,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Luken Investment Analytics LLC raised its stake in shares of Comcast by 258.0% in 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 last quarter. Steph & Co. raised its position in Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after buying an additional 371 shares during the last quarter. OLD Point Trust & Financial Services N A bought a new position in Comcast during the 4th quarter valued at $28,000. Pineridge Advisors LLC purchased a new position in Comcast during the 4th quarter worth $32,000. Finally, Financial Synergies Wealth Advisors Inc. grew its stake in shares of Comcast by 336.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after acquiring an additional 593 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CMCSA shares. KeyCorp dropped their price target on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price for the company. in a report on Tuesday, June 11th. Evercore ISI dropped their price target on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. Finally, The Goldman Sachs Group assumed coverage on Comcast in a research report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $45.78.

Comcast Price Performance

CMCSA opened at $39.57 on Friday. The firm has a 50-day moving average price of $39.14 and a 200-day moving average price of $39.92. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.30. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $155.26 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 1.07 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. Comcast’s revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 EPS. Equities analysts expect that Comcast Co. will post 4.23 EPS for the current year.

Comcast Announces Dividend

The business also recently declared 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 3.13%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio is presently 32.80%.

Comcast Company 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.