BLB&B Advisors LLC Sells 2,545 Shares of Comcast Corporation $CMCSA

BLB&B Advisors LLC cut its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 16.6% in the second quarter, HoldingsChannel reports. The fund owned 12,816 shares of the cable giant’s stock after selling 2,545 shares during the period. BLB&B Advisors LLC’s holdings in Comcast were worth $457,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after acquiring an additional 99,986 shares during the last quarter. Rossby Financial LCC bought a new stake in shares of Comcast in the 1st quarter worth about $223,000. Hudson Edge Investment Partners Inc. lifted its holdings in shares of Comcast by 2.6% in the 1st quarter. Hudson Edge Investment Partners Inc. now owns 170,264 shares of the cable giant’s stock worth $6,283,000 after acquiring an additional 4,276 shares during the last quarter. Novem Group lifted its holdings in shares of Comcast by 7.6% in the 1st quarter. Novem Group now owns 101,049 shares of the cable giant’s stock worth $3,729,000 after acquiring an additional 7,108 shares during the last quarter. Finally, St. James Investment Company LLC lifted its holdings in shares of Comcast by 4.2% in the 1st quarter. St. James Investment Company LLC now owns 555,708 shares of the cable giant’s stock worth $20,506,000 after acquiring an additional 22,480 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CMCSA. Moffett Nathanson increased their target price on Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. Barclays dropped their price objective on Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st. Finally, Arete Research raised Comcast to a “hold” rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $39.52.

Comcast Price Performance

CMCSA opened at $27.32 on Friday. The business’s 50-day moving average is $31.53 and its two-hundred day moving average is $33.37. Comcast Corporation has a 1 year low of $25.75 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. The firm has a market capitalization of $100.87 billion, a PE ratio of 4.52, a price-to-earnings-growth ratio of 1.69 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last posted 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 company had revenue of $30.34 billion for the quarter. Research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be given a $0.33 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a yield of 4.8%. Comcast’s dividend payout ratio is currently 21.82%.

Comcast 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.