Highstreet Asset Management Inc. decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 8.4% during the second quarter, Holdings Channel reports. The fund owned 41,368 shares of the cable giant’s stock after selling 3,796 shares during the period. Highstreet Asset Management Inc.’s holdings in Comcast were worth $1,357,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. WP Advisors LLC acquired a new stake in shares of Comcast during the second quarter worth about $105,000. IMA Wealth Inc. acquired a new stake in shares of Comcast during the second quarter worth about $108,000. Prentiss Smith & Co. Inc. lifted its holdings in shares of Comcast by 229.5% during the second quarter. Prentiss Smith & Co. Inc. now owns 3,295 shares of the cable giant’s stock worth $108,000 after purchasing an additional 2,295 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Comcast during the second quarter worth about $129,000. Finally, Rainier Group Investment Advisory LLC acquired a new stake in shares of Comcast during the first quarter worth about $146,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Shares of CMCSA stock opened at $35.92 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $168.50 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 1.16 and a beta of 1.20. Comcast Co. has a 1-year low of $30.43 and a 1-year high of $44.00.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 26th. The cable giant reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.04. The business had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.85 billion. Comcast had a return on equity of 15.92% and a net margin of 27.42%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 EPS. sell-side analysts forecast that Comcast Co. will post 2.55 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 24th. Stockholders of record on Wednesday, October 3rd will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Tuesday, October 2nd. Comcast’s payout ratio is 36.89%.

In other news, SVP Daniel C. Murdock sold 1,694 shares of the company’s stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $31.05, for a total transaction of $52,598.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.31% of the company’s stock.

A number of brokerages have issued reports on CMCSA. Pivotal Research reissued a “buy” rating on shares of Comcast in a report on Friday, August 10th. Atlantic Securities raised Comcast from a “neutral” rating to an “overweight” rating and set a $42.00 price target for the company in a report on Monday, August 6th. Robert W. Baird decreased their price target on Comcast from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Monday, July 30th. Raymond James raised Comcast from a “market perform” rating to an “outperform” rating in a report on Thursday, July 19th. Finally, BidaskClub raised Comcast from a “sell” rating to a “hold” rating in a report on Friday, June 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $45.79.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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