Blair William & Co. IL Sells 26,536 Shares of Comcast Corporation $CMCSA

Blair William & Co. IL lessened its stake in Comcast Corporation (NASDAQ:CMCSA) by 10.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 237,917 shares of the cable giant’s stock after selling 26,536 shares during the period. Blair William & Co. IL’s holdings in Comcast were worth $8,491,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. GFG Capital LLC bought a new stake in shares of Comcast in the second quarter valued at about $33,000. Live Oak Investment Partners lifted its stake in shares of Comcast by 1.2% in the second quarter. Live Oak Investment Partners now owns 28,392 shares of the cable giant’s stock valued at $1,013,000 after buying an additional 328 shares during the period. Leo Wealth LLC lifted its stake in shares of Comcast by 49.3% in the second quarter. Leo Wealth LLC now owns 34,508 shares of the cable giant’s stock valued at $1,232,000 after buying an additional 11,396 shares during the period. Maryland State Retirement & Pension System lifted its stake in Comcast by 2.5% during the second quarter. Maryland State Retirement & Pension System now owns 180,017 shares of the cable giant’s stock worth $6,425,000 after purchasing an additional 4,383 shares during the period. Finally, Optas LLC lifted its stake in Comcast by 10.6% during the second quarter. Optas LLC now owns 13,128 shares of the cable giant’s stock worth $469,000 after purchasing an additional 1,253 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of Comcast stock opened at $29.46 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $108.77 billion, a P/E ratio of 4.87, a P/E/G ratio of 1.74 and a beta of 0.94. The firm has a 50 day simple moving average of $32.48 and a 200 day simple moving average of $33.93. Comcast Corporation has a fifty-two week low of $29.42 and a fifty-two week high of $45.31.

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

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. Comcast’s payout ratio is 21.82%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CMCSA. UBS Group set a $43.00 price target on shares of Comcast in a research note on Friday, October 3rd. KeyCorp cut their price target on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, October 3rd. Rosenblatt Securities raised their price target on shares of Comcast from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. Bank of America cut their price target 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. Finally, Royal Bank Of Canada began coverage on shares of Comcast in a research note on Monday, September 8th. They set a “sector perform” rating and a $38.00 price target for the company. One 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $39.94.

Comcast 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.