MCF Advisors LLC Reduces Holdings in Comcast Co. (NASDAQ:CMCSA)

MCF Advisors LLC lowered its position in Comcast Co. (NASDAQ:CMCSA) by 6.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,936 shares of the cable giant’s stock after selling 1,524 shares during the period. MCF Advisors LLC’s holdings in Comcast were worth $951,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Wealthspire Advisors LLC increased its position in Comcast by 4.8% during the 4th quarter. Wealthspire Advisors LLC now owns 60,650 shares of the cable giant’s stock valued at $2,659,000 after buying an additional 2,781 shares in the last quarter. Everett Harris & Co. CA grew its position in Comcast by 7.7% during the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock valued at $73,993,000 after purchasing an additional 121,279 shares during the last quarter. Desjardins Global Asset Management Inc. lifted its stake in shares of Comcast by 1.5% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock worth $4,438,000 after buying an additional 1,486 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in Comcast in the 4th quarter worth approximately $2,056,000. Finally, Axxcess Wealth Management LLC lifted its position in Comcast by 10.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 115,503 shares of the cable giant’s stock valued at $5,065,000 after acquiring an additional 10,936 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the completion of the sale, the insider now directly owns 2,000,000 shares in the company, valued at approximately $6,380,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.26% of the stock is currently owned by company insiders.

Comcast Stock Performance

CMCSA stock traded up $0.88 during midday trading on Friday, reaching $39.16. The stock had a trading volume of 38,288,913 shares, compared to its average volume of 19,560,456. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a fifty day simple moving average of $38.71 and a two-hundred day simple moving average of $41.39. The stock has a market cap of $153.65 billion, a PE ratio of 10.36, a P/E/G ratio of 0.96 and a beta of 1.00. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. During the same period last year, the firm posted $0.92 EPS. Comcast’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Comcast Co. will post 4.21 EPS for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s payout ratio is presently 32.80%.

Analyst Ratings Changes

A number of brokerages recently weighed in on CMCSA. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective on the stock. in a research report on Tuesday, June 11th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note on Friday, April 26th. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Comcast in a research report on Monday, May 13th. Finally, Oppenheimer restated an “outperform” rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $48.62.

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.