Murphy Pohlad Asset Management LLC Has $1.52 Million Stake in Comcast Corporation $CMCSA

Murphy Pohlad Asset Management LLC cut its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 27.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,768 shares of the cable giant’s stock after selling 23,952 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in Comcast were worth $1,516,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Allied Private Wealth LLC bought a new stake in Comcast in the 2nd quarter valued at $26,000. Imprint Wealth LLC acquired a new stake in Comcast in the 3rd quarter worth about $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Comcast during the fourth quarter worth approximately $27,000. Whipplewood Advisors LLC boosted its stake in shares of Comcast by 75.5% in the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock valued at $27,000 after buying an additional 401 shares during the period. Finally, Main Street Group LTD bought a new position in Comcast during the 1st quarter worth $27,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMCSA has been the subject of several recent analyst reports. Weiss Ratings cut Comcast from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th. Moffett Nathanson decreased their target price on Comcast from $53.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, June 16th. Morgan Stanley set a $29.00 target price on shares of Comcast in a research report on Friday, July 24th. Scotiabank set a $29.00 price target on shares of Comcast in a report on Friday, July 24th. Finally, UBS Group restated a “neutral” rating on shares of Comcast in a research report on Tuesday, June 23rd. Eleven investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $32.96.

Comcast Trading Down 0.6%

Shares of CMCSA stock traded down $0.16 on Tuesday, hitting $26.33. The company had a trading volume of 27,064,002 shares, compared to its average volume of 32,789,871. The stock’s 50-day moving average is $24.94 and its two-hundred day moving average is $26.38. Comcast Corporation has a twelve month low of $21.28 and a twelve month high of $34.04. The firm has a market cap of $93.44 billion, a P/E ratio of 8.52, a P/E/G ratio of 1.88 and a beta of 0.68. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The firm had revenue of $29.94 billion for the quarter, compared to analysts’ expectations of $29.24 billion. During the same period in the prior year, the business earned $1.25 EPS. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities research analysts anticipate that Comcast Corporation will post 3.52 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $1.32 annualized dividend and a dividend yield of 5.0%. Comcast’s dividend payout ratio is 42.72%.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.