Tectonic Advisors LLC Has $709,000 Holdings in Comcast Corporation $CMCSA

Tectonic Advisors LLC lessened its stake in Comcast Corporation (NASDAQ:CMCSA) by 7.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,863 shares of the cable giant’s stock after selling 1,565 shares during the quarter. Tectonic Advisors LLC’s holdings in Comcast were worth $709,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Inlight Wealth Management LLC bought a new position in shares of Comcast in the 1st quarter valued at about $26,000. Global Trust Asset Management LLC boosted its stake in shares of Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 671 shares during the last quarter. Cranbrook Wealth Management LLC boosted its stake in shares of Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 350 shares during the last quarter. Ransom Advisory Ltd bought a new position in shares of Comcast in the 1st quarter valued at about $29,000. Finally, Abound Financial LLC bought a new position in shares of Comcast in the 1st quarter valued at about $29,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA opened at $30.08 on Friday. 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 Corporation has a twelve month low of $30.06 and a twelve month high of $45.31. The firm’s 50 day moving average price is $32.54 and its two-hundred day moving average price is $34.00. The firm has a market cap of $111.06 billion, a P/E ratio of 4.97, a PEG ratio of 1.83 and a beta of 0.94.

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

Comcast Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.4%. Comcast’s payout ratio is presently 21.82%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CMCSA. Loop Capital reduced their target price on shares of Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, October 1st. Bank of America lowered their target price on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Morgan Stanley set a $35.00 target price on shares of Comcast and gave the company an “equal weight” rating in a research note on Tuesday. Arete Research raised shares of Comcast to a “hold” rating in a research note on Tuesday, July 8th. Finally, Sanford C. Bernstein lowered their target price on shares of Comcast from $37.00 to $36.00 and set a “market perform” rating for the company in a research note on Wednesday, September 10th. One 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 company. According to MarketBeat.com, Comcast presently has a consensus rating of “Hold” and an average target price of $39.94.

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.