Comcast Corporation $CMCSA Shares Sold by Value Partners Investments Inc.

Value Partners Investments Inc. lessened its position in Comcast Corporation (NASDAQ:CMCSA) by 9.5% during the second quarter, Holdings Channel reports. The fund owned 91,711 shares of the cable giant’s stock after selling 9,650 shares during the quarter. Value Partners Investments Inc.’s holdings in Comcast were worth $3,274,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Sculati Wealth Management LLC grew its position in Comcast by 0.9% in the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant’s stock worth $1,156,000 after purchasing an additional 285 shares during the last quarter. Toth Financial Advisory Corp boosted its position in shares of Comcast by 9.0% during the first quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant’s stock worth $134,000 after buying an additional 300 shares during the period. Clearstead Trust LLC grew its holdings in Comcast by 5.2% in the 1st quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock worth $227,000 after buying an additional 305 shares in the last quarter. United Asset Strategies Inc. increased its position 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 acquiring an additional 308 shares during the period. Finally, Moors & Cabot Inc. raised its stake in Comcast by 0.6% during the 1st quarter. Moors & Cabot Inc. now owns 54,163 shares of the cable giant’s stock valued at $1,999,000 after acquiring an additional 310 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $33.06 on Friday. The stock’s fifty day simple moving average is $33.79 and its 200 day simple moving average is $34.59. The stock has a market capitalization of $122.06 billion, a price-to-earnings ratio of 5.46, a PEG ratio of 2.00 and a beta of 0.93. 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 Corporation has a 52-week low of $31.03 and a 52-week high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, beating the consensus estimate of $1.18 by $0.07. The business had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%.Comcast’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.21 earnings per share. As a group, sell-side analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is presently 21.82%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CMCSA shares. UBS Group decreased their price target on Comcast from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, August 1st. Morgan Stanley decreased their target price on shares of Comcast from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, August 4th. Moffett Nathanson raised their target price on shares of Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, June 12th. Scotiabank upped their price target on shares of Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a research note on Friday, July 11th. Finally, Royal Bank Of Canada assumed coverage on shares of Comcast in a research note on Monday, September 8th. They set a “sector perform” rating and a $38.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $40.56.

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.