Comcast Co. (NASDAQ:CMCSA) Position Lessened by Gratus Wealth Advisors LLC

Gratus Wealth Advisors LLC lowered its position in Comcast Co. (NASDAQ:CMCSA) by 12.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,113 shares of the cable giant’s stock after selling 1,198 shares during the quarter. Gratus Wealth Advisors LLC’s holdings in Comcast were worth $329,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Steph & Co. raised its holdings in shares of Comcast by 154.6% during the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 371 shares in the last quarter. Fairscale Capital LLC bought a new position in Comcast during the second quarter valued at about $26,000. Strategic Financial Concepts LLC acquired a new stake in shares of Comcast in the second quarter worth about $27,000. IAG Wealth Partners LLC boosted its stake in shares of Comcast by 204.7% during 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. Finally, Pineridge Advisors LLC acquired a new position in shares of Comcast during the 4th quarter valued at about $32,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Up 1.0 %

Shares of CMCSA opened at $40.95 on Wednesday. The firm has a market capitalization of $160.67 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 1.08 and a beta of 1.01. Comcast Co. has a 52 week low of $36.43 and a 52 week 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 business’s fifty day moving average price is $39.94 and its two-hundred day moving average price is $39.49.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. The company 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 company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.13 EPS. On average, analysts predict that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is currently 32.80%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CMCSA shares. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Pivotal Research decreased their target price on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Evercore ISI dropped their price target on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. Finally, Barclays reduced their price objective 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 research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $45.55.

Comcast 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.