Comcast Corporation $CMCSA Shares Sold by Syon Capital LLC

Syon Capital LLC lessened its stake in Comcast Corporation (NASDAQ:CMCSA) by 66.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,043 shares of the cable giant’s stock after selling 31,513 shares during the quarter. Syon Capital LLC’s holdings in Comcast were worth $394,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CMCSA. Allied Private Wealth LLC acquired a new position in Comcast during the second quarter worth $26,000. Imprint Wealth LLC acquired a new stake in Comcast in the third quarter valued at $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Comcast in the fourth quarter valued at $27,000. Whipplewood Advisors LLC increased its position in shares of Comcast by 75.5% in the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock valued at $27,000 after buying an additional 401 shares in the last quarter. Finally, Main Street Group LTD acquired a new position in shares of Comcast during the 1st quarter worth $27,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of research reports. Wells Fargo & Company set a $23.00 price objective on shares of Comcast and gave the company an “underweight” rating in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Comcast from a “hold” rating to a “buy” rating and cut their target price for the stock from $34.00 to $32.00 in a research report on Tuesday, June 30th. BNP Paribas Exane reduced their price target on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating on the stock in a report on Tuesday, July 14th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $28.00 price target on shares of Comcast in a research report on Monday, July 13th. Finally, Weiss Ratings downgraded Comcast from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $32.96.

Comcast Trading Down 0.6%

Shares of CMCSA stock opened at $26.33 on Wednesday. The company has a market capitalization of $93.44 billion, a price-to-earnings ratio of 8.52, a PEG ratio of 1.88 and a beta of 0.68. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94. The firm has a 50-day moving average price of $24.94 and a 200 day moving average price of $26.38. Comcast Corporation has a twelve month low of $21.28 and a twelve month high of $34.04.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. The company had revenue of $29.94 billion for the quarter, compared to analysts’ expectations of $29.24 billion. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the company earned $1.25 EPS. Research analysts forecast that Comcast Corporation will post 3.52 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, October 28th. Investors of record on Wednesday, October 7th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 dividend on an annualized basis and a yield of 5.0%. Comcast’s dividend payout ratio (DPR) is 42.72%.

Comcast Company Profile

Comcast Corporation (NASDAQ:CMCSA) is a global media and technology company that provides broadband, wireless, video, voice and related services to residential and business customers. Through its connectivity businesses, Comcast offers internet access, mobile service, pay television, telephone service, and home security and automation products, primarily under the Xfinity brand in the United States.

Comcast also operates a broad portfolio of entertainment and media businesses. NBCUniversal includes the NBC and Telemundo broadcast networks, cable networks, film and television studios, the Peacock streaming service, and a collection of theme parks.