Comcast Corporation $CMCSA Shares Purchased by Ironwood Investment Counsel LLC

Ironwood Investment Counsel LLC increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 17.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 156,611 shares of the cable giant’s stock after acquiring an additional 23,143 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in Comcast were worth $5,589,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in CMCSA. Global Trust Asset Management LLC increased its stake in shares of Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares in the last quarter. Cranbrook Wealth Management LLC lifted its stake in 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 buying an additional 350 shares in the last quarter. Ransom Advisory Ltd acquired a new stake in Comcast in the 1st quarter worth about $29,000. Princeton Global Asset Management LLC increased its stake in Comcast by 403.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after buying an additional 686 shares in the last quarter. Finally, GFG Capital LLC purchased a new stake in Comcast during the 2nd quarter worth approximately $33,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CMCSA has been the topic of several research reports. KeyCorp downgraded Comcast from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 30th. BNP Paribas Exane raised Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research note on Tuesday, November 4th. Zacks Research lowered Comcast from a “hold” rating to a “strong sell” rating in a report on Monday. Scotiabank dropped their target price on shares of Comcast from $45.50 to $41.50 and set a “sector perform” rating for the company in a report on Friday, October 31st. Finally, Morgan Stanley reduced their target price on shares of Comcast from $35.00 to $32.00 and set an “equal weight” rating for the company in a research report on Friday, October 31st. Ten analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $36.29.

Comcast Stock Up 1.2%

Shares of CMCSA opened at $27.45 on Wednesday. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $44.20. The company has a market capitalization of $100.02 billion, a PE ratio of 4.57, a price-to-earnings-growth ratio of 1.76 and a beta of 0.92. The stock has a fifty day simple moving average of $30.49 and a two-hundred day simple moving average of $33.00. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The firm had revenue of $30.34 billion during the quarter. As a group, equities analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.8%. Comcast’s dividend payout ratio (DPR) is currently 21.96%.

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.