Hardman Johnston Global Advisors LLC Sells 11,930 Shares of Comcast Corporation $CMCSA

Hardman Johnston Global Advisors LLC lessened its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 617,580 shares of the cable giant’s stock after selling 11,930 shares during the period. Hardman Johnston Global Advisors LLC’s holdings in Comcast were worth $22,041,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Inlight Wealth Management LLC acquired a new stake in shares of Comcast in the 1st quarter valued at about $26,000. Global Trust Asset Management LLC grew its stake in Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 671 shares during the period. Cranbrook Wealth Management LLC raised its position in shares of Comcast by 86.0% during the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares during the period. Ransom Advisory Ltd acquired a new position in shares of Comcast during the first quarter worth approximately $29,000. Finally, Abound Financial LLC acquired a new position in shares of Comcast during the first quarter worth approximately $29,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

CMCSA stock opened at $30.40 on Friday. The firm has a market cap of $112.24 billion, a PE ratio of 5.02, a P/E/G ratio of 1.81 and a beta of 0.94. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The business has a 50 day moving average of $32.79 and a 200-day moving average of $34.20. Comcast Corporation has a 12-month low of $30.38 and a 12-month high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business had revenue of $30.31 billion for the quarter, compared to analysts’ expectations of $29.81 billion. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts expect 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. 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 payout ratio is presently 21.82%.

Analysts Set New Price Targets

A number of analysts have commented on CMCSA shares. 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 target for the company. Loop Capital dropped 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. Morgan Stanley dropped their price target on shares of Comcast from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, August 4th. Moffett Nathanson increased their price objective on Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Finally, The Goldman Sachs Group lowered their price objective on Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Comcast currently has a consensus rating of “Hold” and a consensus target price of $40.07.

Comcast 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.