Koshinski Asset Management Inc. trimmed its holdings in Comcast Co. (NASDAQ:CMCSA – Get Rating) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,225 shares of the cable giant’s stock after selling 791 shares during the period. Koshinski Asset Management Inc.’s holdings in Comcast were worth $911,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in the business. Rise Advisors LLC bought a new stake in Comcast during the fourth quarter worth approximately $36,000. Exane Derivatives increased its stake in Comcast by 566.7% during the first quarter. Exane Derivatives now owns 900 shares of the cable giant’s stock worth $42,000 after acquiring an additional 765 shares during the last quarter. Pacifica Partners Inc. increased its stake in Comcast by 33.8% during the first quarter. Pacifica Partners Inc. now owns 989 shares of the cable giant’s stock worth $46,000 after acquiring an additional 250 shares during the last quarter. Disciplined Investments LLC increased its stake in Comcast by 47.8% during the first quarter. Disciplined Investments LLC now owns 1,011 shares of the cable giant’s stock worth $47,000 after acquiring an additional 327 shares during the last quarter. Finally, Albion Financial Group UT increased its stake in Comcast by 550.0% during the first quarter. Albion Financial Group UT now owns 1,027 shares of the cable giant’s stock worth $48,000 after acquiring an additional 869 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on CMCSA. Cowen dropped their target price on Comcast from $60.00 to $51.00 in a research report on Friday, July 29th. Benchmark dropped their target price on Comcast from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, June 2nd. Redburn Partners lowered Comcast from a “buy” rating to a “neutral” rating in a research report on Friday, August 5th. Daiwa Capital Markets began coverage on Comcast in a research report on Friday, July 1st. They set an “outperform” rating and a $43.00 target price for the company. Finally, Macquarie lowered Comcast from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $40.00 to $33.00 in a research report on Friday, July 29th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Comcast has a consensus rating of “Hold” and a consensus target price of $51.75.
Comcast Stock Down 3.4 %
Comcast (NASDAQ:CMCSA – Get Rating) last posted its earnings results on Thursday, July 28th. The cable giant reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The company had revenue of $30.02 billion during the quarter, compared to analyst estimates of $29.72 billion. Comcast had a return on equity of 16.67% and a net margin of 11.54%. Comcast’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 earnings per share. On average, analysts forecast that Comcast Co. will post 3.62 earnings per share for the current fiscal year.
Comcast Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Tuesday, October 4th. Comcast’s payout ratio is presently 35.29%.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.
- Get a free copy of the StockNews.com research report on Comcast (CMCSA)
- The Worst May be Over for Target, But is the Stock Safe to Buy?
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Two Fun Stocks The Insiders Are Buying
- Novavax Remains a Risk-On Stock in a Risk-Off Market
- General Mills: Superior Returns With Less Volatility
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.