Ameritas Advisory Services LLC Has $593,000 Stake in Comcast Corporation $CMCSA

Ameritas Advisory Services LLC lowered its position in Comcast Corporation (NASDAQ:CMCSA) by 25.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,606 shares of the cable giant’s stock after selling 5,745 shares during the period. Ameritas Advisory Services LLC’s holdings in Comcast were worth $593,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Advisor OS LLC lifted its stake in shares of Comcast by 33.2% during the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock valued at $1,308,000 after acquiring an additional 8,841 shares during the period. Resona Asset Management Co. Ltd. lifted its position in Comcast by 10.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock valued at $47,254,000 after purchasing an additional 118,839 shares during the period. OMNI 360 Wealth Inc. bought a new position in shares of Comcast in the 1st quarter valued at about $335,000. DAVENPORT & Co LLC grew its position in shares of Comcast by 41.7% during the 1st quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant’s stock worth $157,766,000 after buying an additional 1,261,278 shares during the period. Finally, Kestra Investment Management LLC raised its stake in shares of Comcast by 49.5% during the first quarter. Kestra Investment Management LLC now owns 71,331 shares of the cable giant’s stock worth $2,632,000 after buying an additional 23,607 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 1.6%

NASDAQ:CMCSA opened at $30.90 on Monday. The company has a market cap of $114.09 billion, a P/E ratio of 5.11, a price-to-earnings-growth ratio of 1.81 and a beta of 0.94. Comcast Corporation has a twelve month low of $30.38 and a twelve month high of $45.31. The business has a 50 day moving average price of $32.73 and a two-hundred day moving average price of $34.13. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. During the same quarter in the previous year, the firm posted $1.21 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio is currently 21.82%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CMCSA. Bank of America reduced their price objective on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Royal Bank Of Canada initiated coverage on Comcast in a research report on Monday, September 8th. They issued a “sector perform” rating and a $38.00 price target on the stock. Rothschild & Co Redburn cut their target price on Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. UBS Group set a $43.00 target price on Comcast in a report on Friday. Finally, Sanford C. Bernstein lowered their price target on Comcast from $37.00 to $36.00 and set a “market perform” rating for the company in a research note on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $40.26.

About Comcast

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.