Beaton Management Co. Inc. Sells 362 Shares of Comcast Co. (NASDAQ:CMCSA)

Beaton Management Co. Inc. lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) 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 (NASDAQ:CMCSA) last announced 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. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. During the same quarter in the previous year, the business earned $1.13 earnings per share. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, sell-side analysts expect that Comcast Co. will post 4.23 EPS for the current year.

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.

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.