Mengis Capital Management Inc. Sells 1,575 Shares of Comcast Corporation $CMCSA

Mengis Capital Management Inc. lessened its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 9.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,726 shares of the cable giant’s stock after selling 1,575 shares during the quarter. Mengis Capital Management Inc.’s holdings in Comcast were worth $561,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. Brighton Jones LLC boosted 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 valued at $6,240,000 after acquiring an additional 99,986 shares during the last quarter. Focus Financial Network Inc. boosted its holdings in shares of Comcast by 132.8% in the 1st quarter. Focus Financial Network Inc. now owns 22,122 shares of the cable giant’s stock valued at $816,000 after acquiring an additional 12,621 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in Comcast by 18.4% during the first quarter. Capital Advisors Ltd. LLC now owns 5,553 shares of the cable giant’s stock worth $205,000 after buying an additional 863 shares in the last quarter. Simon Quick Advisors LLC boosted its holdings in Comcast by 41.7% during the first quarter. Simon Quick Advisors LLC now owns 29,182 shares of the cable giant’s stock worth $1,077,000 after buying an additional 8,582 shares in the last quarter. Finally, apricus wealth LLC purchased a new stake in Comcast during the first quarter worth $1,825,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the subject of a number of research analyst reports. Benchmark restated a “buy” rating on shares of Comcast in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday. Scotiabank reissued a “sector perform” rating and issued a $45.50 price target (up previously from $45.00) on shares of Comcast in a research note on Monday. Royal Bank Of Canada started coverage on shares of Comcast in a research note on Monday, September 8th. They set a “sector perform” rating and a $38.00 target price for the company. Finally, Barclays lowered their target price on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.94.

Comcast Stock Performance

Shares of Comcast stock opened at $30.08 on Friday. The firm’s fifty day simple moving average is $32.54 and its 200-day simple moving average is $34.00. The stock has a market capitalization of $111.06 billion, a price-to-earnings ratio of 4.97, a PEG ratio of 1.83 and a beta of 0.94. Comcast Corporation has a 12 month low of $30.06 and a 12 month 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.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The business had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. As a group, equities analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s payout ratio is currently 21.82%.

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.