Gilman Hill Asset Management LLC Sells 1,000 Shares of Comcast Co. (NASDAQ:CMCSA)

Gilman Hill Asset Management LLC reduced its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 14.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 5,869 shares of the cable giant’s stock after selling 1,000 shares during the period. Gilman Hill Asset Management LLC’s holdings in Comcast were worth $245,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Scarborough Advisors LLC bought a new stake in shares of Comcast during the 4th quarter worth approximately $62,000. Pineridge Advisors LLC bought a new position in shares of Comcast in the 4th quarter valued at about $32,000. Richardson Financial Services Inc. acquired a new position in shares of Comcast during the 4th quarter worth about $67,000. Twin Focus Capital Partners LLC bought a new stake in shares of Comcast in the 4th quarter valued at about $276,000. Finally, SageView Advisory Group LLC lifted its stake in Comcast by 144.8% in the 4th quarter. SageView Advisory Group LLC now owns 50,441 shares of the cable giant’s stock valued at $2,353,000 after purchasing an additional 29,835 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Barclays cut their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. Evercore ISI decreased their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Finally, Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $45.55.

Comcast Price Performance

CMCSA stock opened at $41.26 on Monday. The company’s 50-day moving average price is $39.99 and its two-hundred day moving average price is $39.45. The firm has a market cap of $161.89 billion, a P/E ratio of 10.92, a P/E/G ratio of 1.10 and a beta of 1.01. 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 Co. has a 12 month low of $36.43 and a 12 month high of $47.11.

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

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.01%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Comcast 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.