Strategic Advisors LLC Decreases Holdings in Comcast Co. (NASDAQ:CMCSA)

Strategic Advisors LLC trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 16.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,481 shares of the cable giant’s stock after selling 1,905 shares during the period. Strategic Advisors LLC’s holdings in Comcast were worth $396,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CMCSA. Sendero Wealth Management LLC grew its position in Comcast by 1.5% during the 3rd quarter. Sendero Wealth Management LLC now owns 28,295 shares of the cable giant’s stock worth $1,182,000 after acquiring an additional 405 shares during the last quarter. Cypress Wealth Services LLC grew its position in Comcast by 1.9% during the 3rd quarter. Cypress Wealth Services LLC now owns 17,900 shares of the cable giant’s stock worth $748,000 after acquiring an additional 332 shares during the last quarter. Enterprise Bank & Trust Co grew its position in Comcast by 74.0% during the 3rd quarter. Enterprise Bank & Trust Co now owns 12,332 shares of the cable giant’s stock worth $515,000 after acquiring an additional 5,246 shares during the last quarter. Wedmont Private Capital grew its position in Comcast by 19.7% during the 3rd quarter. Wedmont Private Capital now owns 34,018 shares of the cable giant’s stock worth $1,380,000 after acquiring an additional 5,600 shares during the last quarter. Finally, CWM LLC grew its position in Comcast by 4.2% during the 3rd quarter. CWM LLC now owns 931,651 shares of the cable giant’s stock worth $38,915,000 after acquiring an additional 37,829 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Down 0.1 %

NASDAQ:CMCSA traded down $0.03 during trading hours on Thursday, reaching $41.37. 4,390,498 shares of the company traded hands, compared to its average volume of 19,744,598. The business’s 50-day moving average price is $39.95 and its two-hundred day moving average price is $39.49. The stock has a market capitalization of $162.32 billion, a P/E ratio of 10.95, a P/E/G ratio of 1.08 and a beta of 1.01. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) 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 analysts’ expectations of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.13 earnings per share. Analysts predict that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Wednesday, October 2nd. Comcast’s payout ratio is 32.80%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays cut their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. Pivotal Research cut 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. Evercore ISI cut their price objective on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. KeyCorp cut their price objective on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.