Cypress Capital Group Has $519,000 Holdings in Comcast Corporation $CMCSA

Cypress Capital Group cut its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,547 shares of the cable giant’s stock after selling 695 shares during the quarter. Cypress Capital Group’s holdings in Comcast were worth $519,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Inlight Wealth Management LLC acquired a new stake in shares of Comcast during the first quarter worth $26,000. Global Trust Asset Management LLC increased its position in shares of Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after buying an additional 671 shares during the period. Cranbrook Wealth Management LLC increased its position in shares of Comcast by 86.0% during the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after buying an additional 350 shares during the period. Ransom Advisory Ltd acquired a new stake in shares of Comcast during the first quarter worth $29,000. Finally, Abound Financial LLC acquired a new stake in Comcast in the first quarter worth $29,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Down 0.2%

Shares of NASDAQ CMCSA opened at $29.41 on Tuesday. The stock has a market capitalization of $108.59 billion, a P/E ratio of 4.86, a P/E/G ratio of 1.74 and a beta of 0.94. The company has a 50-day moving average price of $32.42 and a 200-day moving average price of $33.85. Comcast Corporation has a 1 year low of $29.39 and a 1 year high of $45.31. 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 (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 net margin of 18.44% and a return on equity of 18.86%. The company had revenue of $30.34 billion for the quarter. On average, equities research analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given 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 dividend payout ratio (DPR) is presently 21.82%.

Wall Street Analyst Weigh In

CMCSA has been the topic of several research reports. Citigroup reiterated a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Scotiabank restated a “sector perform” rating and issued a $45.50 target price (up from $45.00) on shares of Comcast in a research note on Monday, October 6th. Sanford C. Bernstein reduced their target price on Comcast from $37.00 to $36.00 and set a “market perform” rating for the company in a research note on Wednesday, September 10th. Royal Bank Of Canada began coverage on Comcast in a research note on Monday, September 8th. They issued a “sector perform” rating and a $38.00 target price for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Comcast in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently 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.