HBW Advisory Services LLC Has $4.10 Million Position in Comcast Co. (NASDAQ:CMCSA)

HBW Advisory Services LLC cut its stake in Comcast Co. (NASDAQ:CMCSA) by 13.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,161 shares of the cable giant’s stock after selling 15,813 shares during the quarter. HBW Advisory Services LLC’s holdings in Comcast were worth $4,100,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Steph & Co. boosted its stake in shares of Comcast by 154.6% during the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after acquiring an additional 371 shares in the last quarter. Fairscale Capital LLC acquired a new position in Comcast in the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC bought a new position in Comcast in the 2nd quarter worth $27,000. OLD Point Trust & Financial Services N A bought a new position in shares of Comcast in the fourth quarter worth about $28,000. Finally, IAG Wealth Partners LLC boosted its stake in Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on CMCSA. The Goldman Sachs Group started coverage on Comcast in a research report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price target on the stock. KeyCorp reduced their price target on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective on the stock. in a report on Tuesday, June 11th. Macquarie reiterated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Finally, Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $45.58.

Comcast Price Performance

Comcast stock traded up $0.16 during trading hours on Friday, hitting $40.97. 6,482,065 shares of the stock were exchanged, compared to its average volume of 19,851,701. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The business’s 50-day moving average is $39.91 and its two-hundred day moving average is $39.57. 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 stock has a market capitalization of $160.75 billion, a P/E ratio of 10.80, a P/E/G ratio of 1.08 and a beta of 1.01.

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 business had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. During the same period in the prior year, the company earned $1.13 EPS. Comcast’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities research analysts expect that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Announces Dividend

The business 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 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 3.03%. Comcast’s dividend payout ratio (DPR) is currently 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.