Woodstock Corp Sells 2,200 Shares of Comcast Corporation $CMCSA

Woodstock Corp decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,340 shares of the cable giant’s stock after selling 2,200 shares during the period. Woodstock Corp’s holdings in Comcast were worth $5,080,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Sculati Wealth Management LLC lifted its stake in Comcast by 0.9% in the fourth quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant’s stock worth $1,156,000 after acquiring an additional 285 shares during the period. Toth Financial Advisory Corp lifted its stake in Comcast by 9.0% in the first quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant’s stock worth $134,000 after acquiring an additional 300 shares during the period. Clearstead Trust LLC lifted its stake in Comcast by 5.2% in the first quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock worth $227,000 after acquiring an additional 305 shares during the period. Webster Bank N. A. lifted its stake in Comcast by 2.9% in the second quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock worth $386,000 after acquiring an additional 305 shares during the period. Finally, United Asset Strategies Inc. lifted its stake in Comcast by 2.2% in the first quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock worth $519,000 after acquiring an additional 308 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 1.3%

Shares of NASDAQ:CMCSA opened at $32.62 on Tuesday. Comcast Corporation has a 1 year low of $31.03 and a 1 year high of $45.31. The firm has a market capitalization of $120.44 billion, a price-to-earnings ratio of 5.39, a price-to-earnings-growth ratio of 1.98 and a beta of 0.93. 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 business’s 50 day moving average price is $33.73 and its 200-day moving average price is $34.56.

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

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Wednesday, October 1st. Comcast’s payout ratio is currently 21.82%.

Wall Street Analysts Forecast Growth

Several analysts have commented on CMCSA shares. Scotiabank increased their price target on shares of Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a research report on Friday, July 11th. Sanford C. Bernstein decreased their price target on shares of Comcast from $37.00 to $36.00 and set a “market perform” rating for the company in a research report on Wednesday, September 10th. 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 report on Friday, August 1st. Rosenblatt Securities upped their price objective on shares of Comcast from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Finally, Citigroup restated a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $40.56.

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.