Courier Capital LLC Sells 7,079 Shares of Comcast Corporation $CMCSA

Courier Capital LLC lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 8.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,283 shares of the cable giant’s stock after selling 7,079 shares during the quarter. Courier Capital LLC’s holdings in Comcast were worth $2,758,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Bayforest Capital Ltd bought a new position in shares of Comcast during the 2nd quarter worth approximately $168,000. Sagespring Wealth Partners LLC lifted its position in shares of Comcast by 8.8% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 69,608 shares of the cable giant’s stock worth $2,484,000 after buying an additional 5,654 shares in the last quarter. TD Asset Management Inc lifted its position in shares of Comcast by 2.4% during the 2nd quarter. TD Asset Management Inc now owns 2,924,535 shares of the cable giant’s stock worth $104,377,000 after buying an additional 68,341 shares in the last quarter. Morningstar Investment Management LLC lifted its position in shares of Comcast by 24.9% during the 2nd quarter. Morningstar Investment Management LLC now owns 230,556 shares of the cable giant’s stock worth $8,229,000 after buying an additional 45,926 shares in the last quarter. Finally, RFG Advisory LLC increased its stake in shares of Comcast by 0.8% during the 2nd quarter. RFG Advisory LLC now owns 64,998 shares of the cable giant’s stock worth $2,320,000 after purchasing an additional 510 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 0.2%

CMCSA opened at $29.41 on Tuesday. The company has a fifty day moving average price of $32.42 and a 200-day moving average price of $33.85. The firm has a market capitalization of $108.59 billion, a P/E ratio of 4.86, a price-to-earnings-growth ratio of 1.74 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. Comcast Corporation has a one year low of $29.39 and a one year high of $45.31.

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

Comcast Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s payout ratio is currently 21.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, October 6th. Moffett Nathanson raised their price target on shares of Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Morgan Stanley set a $35.00 price target on shares of Comcast and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Citigroup restated a “buy” rating on shares of Comcast in a research note on Tuesday, August 26th. Finally, KeyCorp decreased their price target on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Comcast has a consensus rating of “Hold” and a consensus target price of $39.94.

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.