SC&H Financial Advisors Inc. trimmed its holdings in Comcast Co. (NASDAQ:CMCSA – Get Rating) by 27.6% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 6,851 shares of the cable giant’s stock after selling 2,615 shares during the quarter. SC&H Financial Advisors Inc.’s holdings in Comcast were worth $321,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of CMCSA. Marks Group Wealth Management Inc increased its position in Comcast by 47.0% during the first quarter. Marks Group Wealth Management Inc now owns 28,873 shares of the cable giant’s stock valued at $1,352,000 after acquiring an additional 9,233 shares during the last quarter. Brandes Investment Partners LP grew its stake in shares of Comcast by 41.1% during the 1st quarter. Brandes Investment Partners LP now owns 2,042,824 shares of the cable giant’s stock valued at $95,645,000 after purchasing an additional 595,552 shares during the period. Cutler Investment Counsel LLC increased its position in shares of Comcast by 2.2% during the 1st quarter. Cutler Investment Counsel LLC now owns 125,489 shares of the cable giant’s stock valued at $5,875,000 after purchasing an additional 2,654 shares during the last quarter. AGF Investments LLC increased its position in shares of Comcast by 135.2% during the 1st quarter. AGF Investments LLC now owns 31,039 shares of the cable giant’s stock valued at $1,453,000 after purchasing an additional 17,844 shares during the last quarter. Finally, AGF Investments Inc. boosted its holdings in shares of Comcast by 10.9% in the first quarter. AGF Investments Inc. now owns 175,092 shares of the cable giant’s stock worth $8,198,000 after buying an additional 17,179 shares during the last quarter. Hedge funds and other institutional investors own 83.33% of the company’s stock.
Comcast Stock Down 1.5 %
CMCSA stock traded down $0.62 during trading on Wednesday, reaching $39.74. 735,553 shares of the company traded hands, compared to its average volume of 23,454,692. The company has a market capitalization of $175.38 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 0.84 and a beta of 0.91. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.44 and a current ratio of 0.88. The business has a 50 day simple moving average of $39.92 and a 200 day simple moving average of $43.60. Comcast Co. has a 12 month low of $36.57 and a 12 month high of $61.80.
Comcast Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Tuesday, October 4th. Comcast’s dividend payout ratio (DPR) is presently 35.29%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. Cowen reduced their target price on shares of Comcast from $60.00 to $51.00 in a report on Friday, July 29th. Wolfe Research downgraded shares of Comcast from a “market perform” rating to an “underperform” rating and set a $39.00 target price for the company. in a report on Friday, July 29th. Macquarie lowered Comcast from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $40.00 to $33.00 in a research note on Friday, July 29th. Redburn Partners downgraded Comcast from a “buy” rating to a “neutral” rating in a research report on Friday, August 5th. Finally, Cowen cut their price objective on shares of Comcast from $60.00 to $51.00 in a report on Friday, July 29th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $52.17.
Insider Activity at Comcast
In related news, CAO Daniel C. Murdock sold 8,929 shares of Comcast stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $44.50, for a total transaction of $397,340.50. Following the completion of the sale, the chief accounting officer now owns 1,817 shares of the company’s stock, valued at $80,856.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.11% of the stock is owned by insiders.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.
- Get a free copy of the StockNews.com research report on Comcast (CMCSA)
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