Revolve Wealth Partners LLC Sells 531 Shares of Comcast Corporation $CMCSA

Revolve Wealth Partners LLC lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 6.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,122 shares of the cable giant’s stock after selling 531 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Comcast were worth $290,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Dodge & Cox boosted its position in shares of Comcast by 19.1% during the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after purchasing an additional 15,115,074 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Comcast by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock worth $1,240,955,000 after purchasing an additional 926,663 shares in the last quarter. Nuveen LLC bought a new position in shares of Comcast during the 1st quarter worth about $940,015,000. Harris Associates L P boosted its position in shares of Comcast by 0.5% during the 1st quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock worth $759,938,000 after purchasing an additional 111,662 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of Comcast by 2.2% during the 1st quarter. Raymond James Financial Inc. now owns 20,243,358 shares of the cable giant’s stock worth $746,980,000 after purchasing an additional 427,705 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.2%

NASDAQ:CMCSA opened at $29.41 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $108.59 billion, a price-to-earnings ratio of 4.86, a price-to-earnings-growth ratio of 1.74 and a beta of 0.94. Comcast Corporation has a 52 week low of $29.39 and a 52 week high of $45.31. The firm has a 50-day moving average price of $32.42 and a two-hundred day moving average price of $33.85.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data 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%. On average, equities analysts expect 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 paid a dividend of $0.33 per share. The ex-dividend date 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%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of research analyst reports. Scotiabank reissued a “sector perform” rating and set a $45.50 price objective (up previously from $45.00) on shares of Comcast in a research report on Monday, October 6th. Bank of America lowered their target price on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. UBS Group set a $43.00 target price on shares of Comcast in a report on Friday, October 3rd. Barclays lowered their target price on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Finally, Moffett Nathanson upped their target price on shares of Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $39.94.

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.