Sachetta LLC Sells 1,910 Shares of Comcast Corporation $CMCSA

Sachetta LLC reduced its holdings in Comcast Corporation (NASDAQ:CMCSA) by 48.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,043 shares of the cable giant’s stock after selling 1,910 shares during the quarter. Sachetta LLC’s holdings in Comcast were worth $73,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. KLP Kapitalforvaltning AS increased its position in shares of Comcast by 3.8% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 1,590,306 shares of the cable giant’s stock valued at $56,758,000 after purchasing an additional 58,300 shares during the last quarter. Comprehensive Financial Consultants Institutional Inc. increased its position in shares of Comcast by 7.7% during the 2nd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 118,329 shares of the cable giant’s stock valued at $4,223,000 after purchasing an additional 8,498 shares during the last quarter. Confluence Wealth Services Inc. increased its position in shares of Comcast by 1.6% during the 2nd quarter. Confluence Wealth Services Inc. now owns 33,315 shares of the cable giant’s stock valued at $1,189,000 after purchasing an additional 523 shares during the last quarter. Appleton Partners Inc. MA increased its position in shares of Comcast by 459.0% during the 2nd quarter. Appleton Partners Inc. MA now owns 33,832 shares of the cable giant’s stock valued at $1,207,000 after purchasing an additional 27,780 shares during the last quarter. Finally, Sendero Wealth Management LLC increased its position in shares of Comcast by 2.1% during the 2nd quarter. Sendero Wealth Management LLC now owns 55,613 shares of the cable giant’s stock valued at $1,985,000 after purchasing an additional 1,158 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Down 1.6%

NASDAQ CMCSA opened at $30.60 on Wednesday. Comcast Corporation has a fifty-two week low of $30.30 and a fifty-two week high of $45.31. 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 stock has a 50 day simple moving average of $32.64 and a two-hundred day simple moving average of $34.07. The stock has a market cap of $112.98 billion, a P/E ratio of 5.06, a price-to-earnings-growth ratio of 1.83 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business had revenue of $30.31 billion during the quarter, compared to analysts’ expectations of $29.81 billion. During the same quarter last year, the business posted $1.21 EPS. The business’s revenue was up 2.1% on a year-over-year basis. On average, analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.3%. Comcast’s dividend payout ratio (DPR) is 21.82%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several recent research reports. Barclays reduced their price objective on Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Rothschild & Co Redburn reduced their price objective on Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Bank of America reduced their price objective on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Weiss Ratings restated a “hold (c)” rating on shares of Comcast in a research report on Saturday, September 27th. Finally, Royal Bank Of Canada initiated coverage on Comcast in a research report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.