Comcast Corporation $CMCSA Shares Sold by Hardy Reed LLC

Hardy Reed LLC cut its position in Comcast Corporation (NASDAQ:CMCSA) by 17.0% during the second quarter, HoldingsChannel.com reports. The fund owned 6,784 shares of the cable giant’s stock after selling 1,392 shares during the period. Hardy Reed LLC’s holdings in Comcast were worth $242,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Foster Group Inc. grew its position in Comcast by 4.0% during the second quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock worth $265,000 after buying an additional 282 shares during the period. Toth Financial Advisory Corp boosted its stake in shares of Comcast by 9.0% during the 1st quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant’s stock worth $134,000 after acquiring an additional 300 shares in the last quarter. Clearstead Trust LLC boosted its stake in shares of Comcast by 5.2% during the 1st quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock worth $227,000 after acquiring an additional 305 shares in the last quarter. Webster Bank N. A. increased its stake in Comcast by 2.9% in the 2nd quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock valued at $386,000 after purchasing an additional 305 shares in the last quarter. Finally, United Asset Strategies Inc. increased its stake in Comcast by 2.2% in the 1st quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock valued at $519,000 after purchasing an additional 308 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $31.09 on Tuesday. The company has a 50-day simple moving average of $32.68 and a 200-day simple moving average of $34.09. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $114.79 billion, a PE ratio of 5.14, a price-to-earnings-growth ratio of 1.81 and a beta of 0.94. Comcast Corporation has a 12 month low of $30.38 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $29.81 billion. During the same quarter in the prior year, the firm posted $1.21 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.2%. Comcast’s dividend payout ratio is 21.82%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CMCSA. Weiss Ratings reissued a “hold (c)” rating on shares of Comcast in a report on Saturday, September 27th. The Goldman Sachs Group lowered their price objective on shares of Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Bank of America dropped their target price on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Rothschild & Co Redburn reduced their price target on shares of Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Finally, Loop Capital lowered their price target on shares of Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, October 1st. One equities research 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 issued a Sell rating to the company. According to data from MarketBeat.com, Comcast presently has a consensus rating of “Hold” and an average price target of $40.06.

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.