International Assets Investment Management LLC Decreases Stake in Comcast Co. (NASDAQ:CMCSA)

International Assets Investment Management LLC decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 2.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 27,331 shares of the cable giant’s stock after selling 715 shares during the period. International Assets Investment Management LLC’s holdings in Comcast were worth $1,070,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wealthspire Advisors LLC grew its stake in shares of Comcast by 4.8% in the fourth 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. Brevan Howard Capital Management LP acquired a new stake in Comcast in the fourth quarter valued at approximately $2,056,000. Axxcess Wealth Management LLC raised its stake in shares of Comcast by 10.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 115,503 shares of the cable giant’s stock valued at $5,065,000 after purchasing an additional 10,936 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Comcast by 3.4% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock worth $495,694,000 after purchasing an additional 368,685 shares in the last quarter. Finally, Concord Wealth Partners boosted its stake in shares of Comcast by 19.4% in the fourth quarter. Concord Wealth Partners now owns 32,983 shares of the cable giant’s stock valued at $1,446,000 after purchasing an additional 5,351 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on CMCSA. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Evercore ISI dropped their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft cut their price target on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Pivotal Research lowered their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, KeyCorp cut their target price on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $45.78.

Comcast Stock Up 0.3 %

Shares of NASDAQ:CMCSA opened at $39.57 on Friday. The company’s fifty day moving average is $39.12 and its two-hundred day moving average is $39.94. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.30. The stock has a market capitalization of $155.26 billion, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. During the same quarter in the prior year, the business earned $1.13 earnings per share. Comcast’s quarterly revenue was down 2.7% on a year-over-year basis. Equities analysts anticipate that Comcast Co. will post 4.23 EPS for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 3.13%. Comcast’s dividend payout ratio is currently 32.80%.

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.