YHB Investment Advisors Inc. Trims Holdings in Comcast Corporation $CMCSA

YHB Investment Advisors Inc. lowered its holdings in Comcast Corporation (NASDAQ:CMCSA) by 37.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 45,512 shares of the cable giant’s stock after selling 27,431 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Comcast were worth $1,117,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Allied Private Wealth LLC purchased a new position in shares of Comcast during the second quarter valued at approximately $26,000. Imprint Wealth LLC purchased a new stake in Comcast in the third quarter worth $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Comcast in the fourth quarter valued at $27,000. Whipplewood Advisors LLC boosted its holdings in Comcast by 75.5% in the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 401 shares in the last quarter. Finally, Main Street Group LTD purchased a new position in Comcast during the 1st quarter valued at $27,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $25.47 on Thursday. The company has a 50 day simple moving average of $23.74 and a two-hundred day simple moving average of $26.92. Comcast Corporation has a fifty-two week low of $21.28 and a fifty-two week high of $34.45. The company has a market capitalization of $90.38 billion, a price-to-earnings ratio of 8.24, a P/E/G ratio of 1.46 and a beta of 0.67. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The firm had revenue of $29.94 billion for the quarter, compared to analysts’ expectations of $29.24 billion. During the same period in the previous year, the firm posted $1.25 EPS. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. Analysts expect that Comcast Corporation will post 3.52 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, October 7th. Comcast’s dividend payout ratio is currently 42.72%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of research reports. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $28.00 target price on shares of Comcast in a research note on Monday, July 13th. Morgan Stanley set a $29.00 price target on shares of Comcast in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Comcast from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $34.00 to $32.00 in a report on Tuesday, June 30th. Weiss Ratings cut Comcast from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Finally, Seaport Research Partners upgraded Comcast from a “neutral” rating to a “buy” rating in a report on Thursday, July 2nd. Eleven analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $32.96.

Comcast Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.