Strategic Blueprint LLC Cuts Position in Comcast Co. (NASDAQ:CMCSA)

Strategic Blueprint LLC lowered its position in Comcast Co. (NASDAQ:CMCSA) by 25.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,228 shares of the cable giant’s stock after selling 2,484 shares during the quarter. Strategic Blueprint LLC’s holdings in Comcast were worth $302,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC lifted its stake in Comcast by 4.5% during the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after purchasing an additional 1,550 shares during the last quarter. First Hawaiian Bank raised its holdings in Comcast by 8.9% during the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after purchasing an additional 15,664 shares in the last quarter. BNP Paribas purchased a new stake in shares of Comcast during the 1st quarter worth approximately $4,117,000. Douglas Lane & Associates LLC boosted its holdings in shares of Comcast by 0.7% in the 3rd quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock valued at $92,331,000 after buying an additional 15,807 shares in the last quarter. Finally, Wulff Hansen & CO. grew its position in shares of Comcast by 3,816.0% in the 2nd quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant’s stock valued at $21,866,000 after buying an additional 544,123 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CMCSA shares. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft upped their target price on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday. Wells Fargo & Company lifted their price target on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, July 24th. Finally, Benchmark reaffirmed a “buy” rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.63.

Comcast Trading Down 0.3 %

NASDAQ:CMCSA opened at $43.56 on Friday. The stock has a market capitalization of $168.69 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 1.11 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 stock has a fifty day moving average price of $40.80 and a two-hundred day moving average price of $39.58. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period in the prior year, the business posted $1.08 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Comcast Co. will post 4.24 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.85%. Comcast’s payout ratio is 32.98%.

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.