Stephens Inc. AR Reduces Holdings in Comcast Corporation $CMCSA

Stephens Inc. AR cut its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 5.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 402,672 shares of the cable giant’s stock after selling 21,053 shares during the quarter. Stephens Inc. AR’s holdings in Comcast were worth $14,371,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CMCSA. Brighton Jones LLC boosted its holdings in 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 acquiring an additional 99,986 shares during the period. Advisor Resource Council bought a new position in Comcast during the 1st quarter valued at approximately $612,000. Stonegate Investment Group LLC raised its position in Comcast by 11.9% during the 1st quarter. Stonegate Investment Group LLC now owns 38,533 shares of the cable giant’s stock valued at $1,422,000 after purchasing an additional 4,102 shares during the last quarter. Aspire Private Capital LLC raised its position in Comcast by 10.5% during the 1st quarter. Aspire Private Capital LLC now owns 9,821 shares of the cable giant’s stock valued at $362,000 after purchasing an additional 936 shares during the last quarter. Finally, Inlight Wealth Management LLC bought a new position in Comcast during the 1st quarter valued at approximately $26,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Up 1.0%

Shares of NASDAQ:CMCSA opened at $29.54 on Monday. Comcast Corporation has a 52-week low of $29.15 and a 52-week high of $45.31. The firm has a market capitalization of $109.07 billion, a P/E ratio of 4.88, a P/E/G ratio of 1.75 and a beta of 0.94. The stock has a 50 day moving average price of $32.23 and a 200-day moving average price of $33.66. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) 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 during the quarter. As a group, equities research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a $0.33 dividend. 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 is presently 21.82%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of recent analyst reports. UBS Group set a $43.00 price target on Comcast in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research report on Tuesday, October 14th. Moffett Nathanson upped their price target on Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Arete Research raised Comcast to a “hold” rating in a research report on Tuesday, July 8th. Finally, Loop Capital lowered their price target on Comcast from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $39.76.

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.