Comcast Corporation $CMCSA Shares Sold by Cypress Capital LLC

Cypress Capital LLC trimmed its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 3.1% in the second quarter, Holdings Channel reports. The institutional investor owned 58,838 shares of the cable giant’s stock after selling 1,889 shares during the period. Cypress Capital LLC’s holdings in Comcast were worth $2,100,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. QRG Capital Management Inc. raised its position in Comcast by 13.0% during the 2nd quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock worth $25,867,000 after buying an additional 83,631 shares during the last quarter. Advisor OS LLC boosted its holdings in shares of Comcast by 33.2% in the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock valued at $1,308,000 after acquiring an additional 8,841 shares in the last quarter. Aberdeen Group plc increased its stake in shares of Comcast by 5.4% during the second quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock worth $103,142,000 after acquiring an additional 147,231 shares during the period. Resona Asset Management Co. Ltd. raised its holdings in Comcast by 10.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock worth $47,254,000 after purchasing an additional 118,839 shares in the last quarter. Finally, Davidson Investment Advisors raised its holdings in Comcast by 37.4% during the second quarter. Davidson Investment Advisors now owns 457,691 shares of the cable giant’s stock worth $16,335,000 after purchasing an additional 124,484 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CMCSA. Cowen reaffirmed a “buy” rating on shares of Comcast in a report on Friday, October 31st. Moffett Nathanson raised their price target on Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a report on Friday, September 12th. Royal Bank Of Canada dropped their price objective on Comcast from $38.00 to $32.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Sanford C. Bernstein cut their price objective on Comcast from $36.00 to $34.00 and set a “market perform” rating for the company in a research report on Friday, October 31st. Finally, Morgan Stanley reduced their target price on Comcast from $35.00 to $32.00 and set an “equal weight” rating for the company in a report on Friday, October 31st. Ten investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.29.

Comcast Stock Performance

NASDAQ CMCSA opened at $27.35 on Monday. The business has a 50 day moving average price of $30.76 and a 200 day moving average price of $33.08. The company has a market capitalization of $99.66 billion, a P/E ratio of 4.55, a PEG ratio of 1.77 and a beta of 0.92. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $44.63. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

Comcast (NASDAQ:CMCSA) last posted its 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 18.06% and a net margin of 18.33%.The company had revenue of $30.34 billion for the quarter. Sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.8%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is 21.96%.

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.