Orion Portfolio Solutions LLC raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,089 shares of the cable giant’s stock after purchasing an additional 626 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Comcast were worth $705,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CMCSA. TrinityPoint Wealth LLC increased its holdings in shares of Comcast by 0.6% in the 2nd quarter. TrinityPoint Wealth LLC now owns 37,006 shares of the cable giant’s stock valued at $1,442,000 after purchasing an additional 233 shares in the last quarter. Telemus Capital LLC increased its holdings in Comcast by 0.7% during the 2nd quarter. Telemus Capital LLC now owns 33,304 shares of the cable giant’s stock valued at $1,349,000 after acquiring an additional 239 shares in the last quarter. Grandfield & Dodd LLC increased its holdings in Comcast by 1.7% during the 2nd quarter. Grandfield & Dodd LLC now owns 14,193 shares of the cable giant’s stock valued at $550,000 after acquiring an additional 243 shares in the last quarter. Carmichael Hill & Associates Inc. increased its holdings in Comcast by 8.5% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 3,119 shares of the cable giant’s stock valued at $122,000 after acquiring an additional 244 shares in the last quarter. Finally, Livingston Group Asset Management CO operating as Southport Capital Management increased its holdings in Comcast by 1.0% during the 2nd quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 25,264 shares of the cable giant’s stock valued at $985,000 after acquiring an additional 246 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

CMCSA stock traded up $0.50 during trading on Wednesday, hitting $46.96. The company had a trading volume of 580,965 shares, compared to its average volume of 14,265,040. Comcast Co. has a fifty-two week low of $31.70 and a fifty-two week high of $47.74. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $212.23 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 1.94 and a beta of 0.95. The business has a 50 day moving average of $43.75 and a 200 day moving average of $39.85.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 30th. The cable giant reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.14. Comcast had a net margin of 10.91% and a return on equity of 16.66%. The company had revenue of $23.72 billion during the quarter, compared to the consensus estimate of $23.56 billion. During the same period in the prior year, the company earned $0.78 EPS. Comcast’s revenue was down 11.7% on a year-over-year basis. As a group, equities analysts predict that Comcast Co. will post 2.41 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Tuesday, October 6th. Comcast’s payout ratio is 29.39%.

CMCSA has been the subject of a number of recent research reports. ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a report on Wednesday, September 9th. Guggenheim cut shares of Comcast from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 19th. Citigroup lifted their price objective on shares of Comcast from $48.00 to $49.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Benchmark restated a “buy” rating and issued a $54.00 price target on shares of Comcast in a research note on Friday, May 22nd. Finally, Pivotal Research boosted their target price on shares of Comcast from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday. Nine analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Comcast currently has an average rating of “Buy” and a consensus price target of $48.77.

In other Comcast news, CEO Jeff Shell sold 99,484 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $42.91, for a total value of $4,268,858.44. 1.14% of the stock is currently owned by corporate insiders.

Comcast Company Profile

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

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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