Harbour Trust & Investment Management Co cut its stake in Comcast Co. (NASDAQ:CMCSA – Free Report) by 39.2% in the second quarter, Holdings Channel.com reports. The firm owned 10,400 shares of the cable giant’s stock after selling 6,707 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in Comcast were worth $407,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the company. Luken Investment Analytics LLC boosted its position in Comcast by 258.0% during the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock worth $25,000 after purchasing an additional 418 shares during the period. Steph & Co. increased its stake in Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 371 shares during the last quarter. OLD Point Trust & Financial Services N A acquired a new stake in Comcast in the fourth quarter valued at about $28,000. IAG Wealth Partners LLC lifted its stake in Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares during the last quarter. Finally, Pineridge Advisors LLC bought a new stake in Comcast during the 4th quarter worth $32,000. 84.32% of the stock is currently owned by institutional investors.
Comcast Price Performance
NASDAQ:CMCSA traded down $0.53 during trading hours on Thursday, hitting $39.41. The stock had a trading volume of 9,213,276 shares, compared to its average volume of 20,134,813. The company has a 50 day simple moving average of $38.82 and a two-hundred day simple moving average of $40.06. The firm has a market capitalization of $154.63 billion, a price-to-earnings ratio of 10.51, a P/E/G ratio of 1.07 and a beta of 1.00. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. Comcast Co. has a one year low of $36.43 and a one year high of $47.30.
Comcast Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.15%. Comcast’s payout ratio is presently 32.80%.
Analysts Set New Price Targets
Several analysts recently weighed in on CMCSA shares. Benchmark reissued a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Monday, May 13th. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target for the company. in a research note on Tuesday, June 11th. Barclays dropped their price objective on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. KeyCorp decreased their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Finally, Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $45.78.
Read Our Latest Report on Comcast
About Comcast
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.
Featured Articles
- Five stocks we like better than Comcast
- Top Biotech Stocks: Exploring Innovation Opportunities
- Advance Auto Parts Eyes Long-Term Growth Despite Q2 Hurdles
- What does consumer price index measure?
- Toll Brothers Stock Up on Q3 Beat: Luxury Homes Drive Growth
- 3 Warren Buffett Stocks to Buy Now
- 4 No-Brainer Stocks to Hold This Fall for Steady Gains
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA – Free Report).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.