Comcast Corporation $CMCSA Holdings Decreased by Clarity Financial LLC

Clarity Financial LLC decreased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 6.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 9,580 shares of the cable giant’s stock after selling 610 shares during the quarter. Clarity Financial LLC’s holdings in Comcast were worth $342,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cantor Fitzgerald Investment Advisors L.P. grew its holdings in shares of Comcast by 0.5% during the second quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 355,596 shares of the cable giant’s stock valued at $12,691,000 after buying an additional 1,765 shares in the last quarter. Woodward Diversified Capital LLC grew its holdings in shares of Comcast by 79.9% during the second quarter. Woodward Diversified Capital LLC now owns 13,052 shares of the cable giant’s stock valued at $466,000 after buying an additional 5,798 shares in the last quarter. First Pacific Financial grew its holdings in shares of Comcast by 12,501.5% during the second quarter. First Pacific Financial now owns 65,528 shares of the cable giant’s stock valued at $2,339,000 after buying an additional 65,008 shares in the last quarter. Trilogy Capital Inc. grew its holdings in shares of Comcast by 3.6% during the second quarter. Trilogy Capital Inc. now owns 81,954 shares of the cable giant’s stock valued at $2,925,000 after buying an additional 2,846 shares in the last quarter. Finally, Forza Wealth Management LLC grew its holdings in shares of Comcast by 9.1% during the second quarter. Forza Wealth Management LLC now owns 19,179 shares of the cable giant’s stock valued at $684,000 after buying an additional 1,600 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $30.94 on Thursday. Comcast Corporation has a fifty-two week low of $30.90 and a fifty-two week high of $45.31. The business has a 50-day moving average of $32.89 and a two-hundred day moving average of $34.24. The stock has a market capitalization of $114.24 billion, a P/E ratio of 5.11, a P/E/G ratio of 1.84 and a beta of 0.94. 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 posted 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 in the previous year, the firm earned $1.21 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s payout ratio is currently 21.82%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Moffett Nathanson boosted their target price on Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Arete Research upgraded Comcast to a “hold” rating in a research note on Tuesday, July 8th. Rosenblatt Securities boosted their target price on Comcast from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. Loop Capital lowered their target price on Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Royal Bank Of Canada assumed coverage on Comcast in a research note on Monday, September 8th. They issued a “sector perform” rating and a $38.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $40.07.

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.