Brighton Jones LLC Cuts Holdings in Comcast Co. (NASDAQ:CMCSA)

Brighton Jones LLC cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 14.4% during the second quarter, Holdings Channel.com reports. The fund owned 156,476 shares of the cable giant’s stock after selling 26,256 shares during the period. Brighton Jones LLC’s holdings in Comcast were worth $6,128,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CMCSA. Brevan Howard Capital Management LP purchased a new stake in Comcast in the 4th quarter worth $2,056,000. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Comcast by 3.4% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock valued at $495,694,000 after acquiring an additional 368,685 shares during the last quarter. Capital Investment Advisors LLC lifted its position in shares of Comcast by 4.5% in the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock valued at $1,411,000 after acquiring an additional 1,550 shares in the last quarter. First Hawaiian Bank boosted its stake in shares of Comcast by 8.9% in the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after acquiring an additional 15,664 shares during the last quarter. Finally, Gilbert & Cook Inc. increased its position in shares of Comcast by 10.3% during the fourth quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock worth $685,000 after purchasing an additional 1,459 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the topic of a number of research reports. Pivotal Research decreased their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective for the company. in a research note on Tuesday, June 11th. Macquarie reissued a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Finally, The Goldman Sachs Group assumed coverage on Comcast in a report on Tuesday, June 25th. They set a “buy” rating and a $44.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $45.78.

Comcast Trading Up 1.1 %

Shares of CMCSA stock opened at $40.27 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market cap of $158.00 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01. The company has a 50-day moving average of $39.53 and a two-hundred day moving average of $39.68. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. During the same period in the prior year, the firm earned $1.13 earnings per share. The firm’s revenue was down 2.7% compared to the same quarter last year. On average, analysts predict that Comcast Co. will post 4.23 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared 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. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 3.08%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

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.