Naples Global Advisors LLC Sells 20,192 Shares of Comcast Corporation $CMCSA

Naples Global Advisors LLC lowered its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 53.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 17,604 shares of the cable giant’s stock after selling 20,192 shares during the period. Naples Global Advisors LLC’s holdings in Comcast were worth $628,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Parsons Capital Management Inc. RI grew its position in shares of Comcast by 19.4% during the 2nd quarter. Parsons Capital Management Inc. RI now owns 74,275 shares of the cable giant’s stock worth $2,651,000 after buying an additional 12,057 shares during the period. Pure Financial Advisors LLC boosted its stake in Comcast by 18.4% during the second quarter. Pure Financial Advisors LLC now owns 9,107 shares of the cable giant’s stock worth $325,000 after acquiring an additional 1,415 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Comcast by 18.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,572,629 shares of the cable giant’s stock worth $56,127,000 after purchasing an additional 248,144 shares during the period. Cantor Fitzgerald Investment Advisors L.P. increased its stake in Comcast by 0.5% in the second quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 355,596 shares of the cable giant’s stock valued at $12,691,000 after purchasing an additional 1,765 shares in the last quarter. Finally, Woodward Diversified Capital LLC raised its holdings in shares of Comcast by 79.9% during the second quarter. Woodward Diversified Capital LLC now owns 13,052 shares of the cable giant’s stock valued at $466,000 after purchasing an additional 5,798 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CMCSA shares. Scotiabank raised their target price on Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a research note on Friday, July 11th. Arete Research raised Comcast to a “hold” rating in a research note on Tuesday, July 8th. Rosenblatt Securities boosted their price objective on Comcast from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Comcast in a report on Saturday, September 27th. Finally, Barclays decreased their price target on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. 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 assigned a Sell rating to the stock. According to data from MarketBeat, Comcast currently has a consensus rating of “Hold” and a consensus price target of $40.26.

Comcast Stock Performance

Shares of CMCSA stock opened at $30.90 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a 50-day moving average of $32.73 and a 200-day moving average of $34.16. Comcast Corporation has a one year low of $30.38 and a one year high of $45.31. The company has a market cap of $114.09 billion, a P/E ratio of 5.11, a P/E/G ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, beating the consensus estimate of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The firm had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. During the same quarter last year, the business posted $1.21 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm 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 annualized dividend and a yield of 4.3%. Comcast’s payout ratio is currently 21.82%.

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.