Wellington Shields & Co. LLC Has $938,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Wellington Shields & Co. LLC reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 23,965 shares of the cable giant’s stock after selling 308 shares during the period. Wellington Shields & Co. LLC’s holdings in Comcast were worth $938,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in CMCSA. Sentry Investment Management LLC boosted its position in Comcast by 121.7% during the 2nd quarter. Sentry Investment Management LLC now owns 18,922 shares of the cable giant’s stock worth $741,000 after acquiring an additional 10,386 shares during the last quarter. LPL Financial LLC lifted its position in Comcast by 0.8% during the 2nd quarter. LPL Financial LLC now owns 3,304,250 shares of the cable giant’s stock worth $129,394,000 after buying an additional 25,519 shares in the last quarter. Biltmore Family Office LLC grew its holdings in shares of Comcast by 5.9% in the 2nd quarter. Biltmore Family Office LLC now owns 12,690 shares of the cable giant’s stock valued at $497,000 after acquiring an additional 704 shares in the last quarter. AGF Management Ltd. grew its stake in Comcast by 498.2% in the second quarter. AGF Management Ltd. now owns 250,915 shares of the cable giant’s stock valued at $9,826,000 after purchasing an additional 208,969 shares in the last quarter. Finally, Angeles Wealth Management LLC increased its position in shares of Comcast by 33.3% during the 2nd quarter. Angeles Wealth Management LLC now owns 12,841 shares of the cable giant’s stock worth $503,000 after purchasing an additional 3,211 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

NASDAQ:CMCSA opened at $39.14 on Wednesday. The company has a 50 day simple moving average of $39.29 and a two-hundred day simple moving average of $39.78. 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 fifty-two week low of $36.43 and a fifty-two week high of $47.11. The company has a market capitalization of $151.57 billion, a PE ratio of 10.35, a P/E/G ratio of 1.05 and a beta of 1.01.

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

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is currently 32.80%.

Analysts Set New Price Targets

CMCSA has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Barclays decreased their price objective on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. Evercore ISI cut their target price on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Wednesday, July 24th. Finally, StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $45.78.

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.