Bradley Foster & Sargent Inc. CT Has $9.32 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Bradley Foster & Sargent Inc. CT trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 30.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,010 shares of the cable giant’s stock after selling 106,344 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Comcast were worth $9,320,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CMCSA. Steph & Co. increased its position in Comcast by 154.6% during the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after purchasing an additional 371 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in Comcast during the 2nd quarter worth approximately $27,000. OLD Point Trust & Financial Services N A bought a new stake in Comcast during the 4th quarter worth approximately $28,000. IAG Wealth Partners LLC grew its holdings in Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after acquiring an additional 522 shares during the last quarter. Finally, Pineridge Advisors LLC bought a new stake in Comcast during the 4th quarter worth approximately $32,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Down 0.2 %

Shares of NASDAQ CMCSA opened at $39.28 on Wednesday. The firm has a market cap of $154.12 billion, a PE ratio of 10.39, a P/E/G ratio of 1.03 and a beta of 1.01. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The company’s fifty day simple moving average is $39.43 and its 200 day simple moving average is $39.67. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) 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 business had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. During the same period in the prior year, the firm earned $1.13 earnings per share. Comcast’s revenue was down 2.7% on a year-over-year basis. As a group, sell-side analysts forecast that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued 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 3.16%. Comcast’s payout ratio is 32.80%.

Analysts Set New Price Targets

A number of research firms have weighed in on CMCSA. The Goldman Sachs Group began coverage on shares of Comcast in a report on Tuesday, June 25th. They set a “buy” rating and a $44.00 target price on the stock. KeyCorp reduced their target price on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Evercore ISI reduced their target price on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. Pivotal Research reduced their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective on the stock. in a research note on Tuesday, June 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.