Winthrop Advisory Group LLC Has $358,000 Position in Comcast Co. (NASDAQ:CMCSA)

Winthrop Advisory Group LLC lowered its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 9.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,406 shares of the cable giant’s stock after selling 638 shares during the period. Winthrop Advisory Group LLC’s holdings in Comcast were worth $358,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CMCSA. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Comcast by 16.7% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 275,912 shares of the cable giant’s stock valued at $15,733,000 after acquiring an additional 39,500 shares during the period. IFM Investors Pty Ltd raised its holdings in shares of Comcast by 22.1% in the second quarter. IFM Investors Pty Ltd now owns 607,787 shares of the cable giant’s stock valued at $34,656,000 after buying an additional 109,986 shares during the last quarter. V Wealth Advisors LLC raised its holdings in shares of Comcast by 17.6% in the second quarter. V Wealth Advisors LLC now owns 26,802 shares of the cable giant’s stock valued at $1,530,000 after buying an additional 4,012 shares during the last quarter. Penserra Capital Management LLC raised its holdings in shares of Comcast by 23.5% in the second quarter. Penserra Capital Management LLC now owns 85,171 shares of the cable giant’s stock valued at $4,856,000 after buying an additional 16,215 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC raised its holdings in shares of Comcast by 8.1% in the second quarter. Mount Yale Investment Advisors LLC now owns 126,531 shares of the cable giant’s stock valued at $7,215,000 after buying an additional 9,482 shares during the last quarter. Hedge funds and other institutional investors own 82.48% of the company’s stock.

CMCSA has been the subject of several recent research reports. Pivotal Research dropped their price objective on Comcast from $75.00 to $72.00 and set a “buy” rating for the company in a report on Friday, October 29th. They noted that the move was a valuation call. Truist boosted their price objective on Comcast from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, July 30th. Exane BNP Paribas initiated coverage on Comcast in a research report on Monday, September 27th. They set an “outperform” rating and a $72.00 target price for the company. Truist Securities boosted their target price on Comcast from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 30th. Finally, Citigroup decreased their target price on Comcast from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, November 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $65.87.

Shares of NASDAQ:CMCSA traded down $0.16 during trading on Thursday, hitting $51.88. The stock had a trading volume of 10,120,097 shares, compared to its average volume of 16,617,023. Comcast Co. has a 12 month low of $48.15 and a 12 month high of $61.80. The company has a market capitalization of $237.04 billion, a PE ratio of 16.74, a PEG ratio of 1.06 and a beta of 0.96. The firm’s fifty day moving average is $54.21 and its 200 day moving average is $56.61. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.05.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 28th. The cable giant reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.12. Comcast had a return on equity of 14.88% and a net margin of 12.73%. The company had revenue of $30.30 billion during the quarter, compared to analyst estimates of $29.87 billion. During the same quarter last year, the company earned $0.65 EPS. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. Equities research analysts expect that Comcast Co. will post 3.15 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 26th. Shareholders of record on Wednesday, January 5th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Tuesday, January 4th. Comcast’s payout ratio is 32.26%.

About Comcast

Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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