Cutler Investment Counsel LLC Reduces Holdings in Comcast Corporation $CMCSA

Cutler Investment Counsel LLC lessened its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,683 shares of the cable giant’s stock after selling 374 shares during the period. Cutler Investment Counsel LLC’s holdings in Comcast were worth $3,843,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CMCSA. Brighton Jones LLC lifted its position in shares of Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after buying an additional 99,986 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Comcast by 19.4% during 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 buying an additional 143,593 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of Comcast by 74.3% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 51,932 shares of the cable giant’s stock valued at $1,916,000 after buying an additional 22,135 shares during the last quarter. Sound Income Strategies LLC lifted its position in shares of Comcast by 66.6% during the 1st quarter. Sound Income Strategies LLC now owns 5,671 shares of the cable giant’s stock valued at $209,000 after buying an additional 2,267 shares during the last quarter. Finally, Traphagen Investment Advisors LLC lifted its holdings in Comcast by 31.2% during the 1st quarter. Traphagen Investment Advisors LLC now owns 10,868 shares of the cable giant’s stock worth $401,000 after purchasing an additional 2,583 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. KeyCorp dropped their price objective on Comcast from $45.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd. Benchmark reissued a “buy” rating on shares of Comcast in a report on Friday, July 18th. The Goldman Sachs Group dropped their price objective on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. UBS Group set a $43.00 price objective on Comcast in a report on Friday, October 3rd. Finally, Royal Bank Of Canada assumed coverage on Comcast in a report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Comcast currently has an average rating of “Hold” and a consensus price target of $39.94.

Comcast Stock Performance

NASDAQ:CMCSA opened at $29.41 on Tuesday. The business’s 50-day moving average price is $32.42 and its two-hundred day moving average price is $33.85. Comcast Corporation has a twelve month low of $29.39 and a twelve month high of $45.31. The stock has a market cap of $108.59 billion, a P/E ratio of 4.86, 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 released its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The firm had revenue of $30.34 billion for the quarter. As a group, equities analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. Comcast’s dividend payout ratio (DPR) is presently 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.