Mitchell Sinkler & Starr PA Reduces Position in Comcast Corporation $CMCSA

Mitchell Sinkler & Starr PA trimmed its position in Comcast Corporation (NASDAQ:CMCSA) by 94.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,712 shares of the cable giant’s stock after selling 97,557 shares during the period. Mitchell Sinkler & Starr PA’s holdings in Comcast were worth $204,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CMCSA. Brighton Jones LLC boosted its holdings in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after purchasing an additional 99,986 shares during the last quarter. Krilogy Financial LLC boosted its holdings in Comcast by 4.5% in the 1st quarter. Krilogy Financial LLC now owns 17,874 shares of the cable giant’s stock valued at $660,000 after purchasing an additional 767 shares during the last quarter. Elevation Point Wealth Partners LLC boosted its holdings in Comcast by 1.5% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 117,034 shares of the cable giant’s stock valued at $4,319,000 after purchasing an additional 1,696 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Comcast by 19.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 883,677 shares of the cable giant’s stock valued at $32,608,000 after purchasing an additional 143,593 shares during the last quarter. Finally, Hennessy Advisors Inc. boosted its holdings in Comcast by 31.1% in the 1st quarter. Hennessy Advisors Inc. now owns 149,600 shares of the cable giant’s stock valued at $5,520,000 after purchasing an additional 35,500 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of CMCSA opened at $29.46 on Friday. Comcast Corporation has a fifty-two week low of $29.42 and a fifty-two week high of $45.31. The firm’s 50 day moving average price is $32.48 and its 200 day moving average price is $33.93. The company has a market cap of $108.77 billion, a P/E ratio of 4.87, a PEG ratio of 1.74 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.

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

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. Comcast’s dividend payout ratio is currently 21.82%.

Analyst Ratings Changes

CMCSA has been the topic of several recent analyst reports. Citigroup reiterated a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Barclays decreased their price objective on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Sanford C. Bernstein decreased their price objective on shares of Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a report on Wednesday, September 10th. Morgan Stanley set a $35.00 price objective on shares of Comcast and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Moffett Nathanson upped their price objective on shares of Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Comcast presently has an average rating of “Hold” and a consensus price target of $39.94.

About Comcast

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.