Appleton Partners Inc. MA Has $266,000 Position in Comcast Co. (NASDAQ:CMCSA)

Appleton Partners Inc. MA decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 4.5% in the 3rd quarter, Holdings Channel reports. The firm owned 6,373 shares of the cable giant’s stock after selling 303 shares during the quarter. Appleton Partners Inc. MA’s holdings in Comcast were worth $266,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Capital World Investors boosted its position in shares of Comcast by 7.4% during the 1st quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock valued at $5,015,737,000 after acquiring an additional 7,929,963 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Comcast by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock valued at $1,500,722,000 after acquiring an additional 1,000,626 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Comcast by 41.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock worth $1,214,512,000 after buying an additional 8,243,302 shares during the period. Harris Associates L P increased its position in Comcast by 10.9% during the 4th quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock valued at $827,616,000 after purchasing an additional 1,854,671 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in Comcast by 3.4% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock worth $495,694,000 after buying an additional 368,685 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

CMCSA stock opened at $40.81 on Friday. The stock has a 50-day simple moving average of $39.91 and a 200-day simple moving average of $39.57. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a market cap of $160.12 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01.

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. The business had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.13 earnings per share. On average, equities analysts predict that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a dividend yield of 3.04%. Comcast’s payout ratio is 32.80%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. 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 note on Wednesday, July 24th. Barclays lowered their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. Macquarie restated a “neutral” rating and set a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $45.58.

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.