Comcast Corporation $CMCSA Shares Sold by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC decreased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 6.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,194 shares of the cable giant’s stock after selling 359 shares during the period. Capital Advisors Ltd. LLC’s holdings in Comcast were worth $185,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CMCSA. Brighton Jones LLC increased its position in Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after buying an additional 99,986 shares in the last quarter. Focus Financial Network Inc. increased its position in Comcast by 132.8% during the first quarter. Focus Financial Network Inc. now owns 22,122 shares of the cable giant’s stock worth $816,000 after buying an additional 12,621 shares in the last quarter. Simon Quick Advisors LLC increased its position in Comcast by 41.7% during the first quarter. Simon Quick Advisors LLC now owns 29,182 shares of the cable giant’s stock worth $1,077,000 after buying an additional 8,582 shares in the last quarter. apricus wealth LLC purchased a new position in Comcast during the first quarter worth $1,825,000. Finally, Net Worth Advisory Group increased its position in Comcast by 29.1% during the first quarter. Net Worth Advisory Group now owns 17,917 shares of the cable giant’s stock worth $661,000 after buying an additional 4,038 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA stock opened at $30.08 on Friday. The stock has a 50-day moving average price of $32.54 and a two-hundred day moving average price of $34.00. Comcast Corporation has a 12-month low of $30.06 and a 12-month high of $45.31. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The company has a market cap of $111.06 billion, a PE ratio of 4.97, a price-to-earnings-growth ratio of 1.83 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The firm had revenue of $30.34 billion during the quarter. As a group, research analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s payout ratio is 21.82%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CMCSA. UBS Group set a $43.00 price target on Comcast in a research report on Friday, October 3rd. Arete Research upgraded Comcast to a “hold” rating in a research note on Tuesday, July 8th. Sanford C. Bernstein dropped their target price 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. Citigroup reiterated a “buy” rating on shares of Comcast in a research note on Tuesday, August 26th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $45.50 target price (up from $45.00) on shares of Comcast in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $39.94.

Comcast Company Profile

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.