B. Riley Wealth Advisors Inc. Trims Position in Comcast Co. (NASDAQ:CMCSA)

B. Riley Wealth Advisors Inc. lowered its holdings in Comcast Co. (NASDAQ:CMCSA) by 10.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,554 shares of the cable giant’s stock after selling 11,862 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Comcast were worth $3,781,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CMCSA. Gilbert & Cook Inc. grew its stake in shares of Comcast by 10.3% during the 4th quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock valued at $685,000 after buying an additional 1,459 shares during the period. Evoke Wealth LLC raised its position in shares of Comcast by 38.5% in the 4th quarter. Evoke Wealth LLC now owns 10,668 shares of the cable giant’s stock valued at $468,000 after purchasing an additional 2,967 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in Comcast by 12.6% during the 4th quarter. Rafferty Asset Management LLC now owns 554,835 shares of the cable giant’s stock valued at $24,330,000 after acquiring an additional 62,277 shares during the last quarter. Edge Capital Group LLC increased its position in shares of Comcast by 20.2% in the 4th quarter. Edge Capital Group LLC now owns 13,028 shares of the cable giant’s stock worth $571,000 after purchasing an additional 2,189 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in Comcast by 6.1% in the fourth quarter. First Trust Advisors LP now owns 3,383,141 shares of the cable giant’s stock worth $148,351,000 after purchasing an additional 194,513 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CMCSA shares. Barclays lowered their price objective on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Wednesday, July 24th. KeyCorp decreased their target price on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Pivotal Research cut their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target for the company. in a research report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $45.58.

Comcast Price Performance

Shares of CMCSA opened at $41.77 on Tuesday. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The firm has a market capitalization of $163.89 billion, a PE ratio of 11.05, a PEG ratio of 1.08 and a beta of 1.01. The company’s 50-day moving average is $39.73 and its 200-day moving average is $39.56. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $29.69 billion for 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%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.13 EPS. Equities analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a dividend yield of 2.97%. Comcast’s dividend payout ratio is currently 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.