PFG Investments LLC Sells 1,409 Shares of Comcast Corporation $CMCSA

PFG Investments LLC reduced its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 3.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 42,934 shares of the cable giant’s stock after selling 1,409 shares during the quarter. PFG Investments LLC’s holdings in Comcast were worth $1,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of CMCSA. Brighton Jones LLC raised its stake in Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after purchasing an additional 99,986 shares during the last quarter. GAMMA Investing LLC raised its stake in Comcast by 2,193.1% during the 1st quarter. GAMMA Investing LLC now owns 1,164,564 shares of the cable giant’s stock valued at $42,972,000 after purchasing an additional 1,113,779 shares during the last quarter. Merit Financial Group LLC raised its stake in Comcast by 75.2% during the 1st quarter. Merit Financial Group LLC now owns 116,727 shares of the cable giant’s stock valued at $4,307,000 after purchasing an additional 50,100 shares during the last quarter. RFG Advisory LLC raised its stake in Comcast by 120.4% during the 1st quarter. RFG Advisory LLC now owns 64,488 shares of the cable giant’s stock valued at $2,380,000 after purchasing an additional 35,227 shares during the last quarter. Finally, Romano Brothers AND Company raised its stake in shares of Comcast by 12.7% in the 1st quarter. Romano Brothers AND Company now owns 6,638 shares of the cable giant’s stock valued at $245,000 after buying an additional 750 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Down 1.5%

CMCSA opened at $30.94 on Thursday. Comcast Corporation has a twelve month low of $30.90 and a twelve month high of $45.31. The firm’s 50-day simple moving average is $32.89 and its 200-day simple moving average is $34.24. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $114.24 billion, a price-to-earnings ratio of 5.11, a PEG ratio of 1.84 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The firm had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. During the same quarter in the prior year, the firm earned $1.21 EPS. The company’s revenue was up 2.1% on a year-over-year basis. Equities research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be issued 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 yield of 4.3%. Comcast’s dividend payout ratio is currently 21.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CMCSA. Morgan Stanley dropped their price objective on shares of Comcast from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, August 4th. The Goldman Sachs Group dropped their price objective on shares of Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, September 24th. Loop Capital dropped their price objective on shares of Comcast from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday. Moffett Nathanson increased their price objective on shares of Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Finally, Scotiabank increased their price objective on shares of Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Comcast presently has an average rating of “Hold” and an average price target 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.