Beaton Management Co. Inc. lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA – Free Report) by 3.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 11,346 shares of the cable giant’s stock after selling 362 shares during the period. Beaton Management Co. Inc.’s holdings in Comcast were worth $444,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Steph & Co. increased its stake in shares of Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after purchasing an additional 371 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new stake in Comcast in the fourth quarter worth about $28,000. Pineridge Advisors LLC bought a new position in shares of Comcast in the fourth quarter worth about $32,000. Financial Synergies Wealth Advisors Inc. grew its stake 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 valued at $33,000 after acquiring an additional 593 shares during the period. Finally, IAG Wealth Partners LLC increased its holdings in Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after acquiring an additional 522 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.
Comcast Stock Up 1.1 %
Shares of CMCSA opened at $40.27 on Friday. 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 52-week low of $36.43 and a 52-week high of $47.11. The company has a market cap of $158.00 billion, a PE ratio of 10.65, a P/E/G ratio of 1.03 and a beta of 1.01. The business has a fifty day moving average of $39.53 and a 200 day moving average of $39.68.
Comcast Announces Dividend
The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a dividend yield of 3.08%. Comcast’s dividend payout ratio (DPR) is 32.80%.
Wall Street Analysts Forecast Growth
CMCSA has been the topic of several analyst reports. Evercore ISI lowered their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target on the stock. in a report on Tuesday, June 11th. Pivotal Research lowered their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, Barclays cut their target price on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. One investment 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, Comcast has a consensus rating of “Hold” and a consensus price target of $45.78.
Read Our Latest Stock Report on Comcast
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.
Featured Stories
- Five stocks we like better than Comcast
- Stock Sentiment Analysis: How it Works
- Roku Stock Gains New Buy Rating: Here’s Why Analysts Are Bullish
- ESG Stocks, What Investors Should Know
- Prepare for a Silver Surge: Best Mining Stocks to Watch Now
- What is the S&P 500 and How It is Distinct from Other Indexes
- Edgewise Therapeutics Soars 50%: Key Reasons Behind the Surge
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA – Free Report).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.