Comcast Co. (NASDAQ:CMCSA) Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC lessened its position in Comcast Co. (NASDAQ:CMCSA) by 85.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,230 shares of the cable giant’s stock after selling 225,104 shares during the period. Venturi Wealth Management LLC’s holdings in Comcast were worth $1,555,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Avantax Advisory Services Inc. increased its position in shares of Comcast by 7.0% in the first quarter. Avantax Advisory Services Inc. now owns 218,467 shares of the cable giant’s stock worth $9,471,000 after acquiring an additional 14,247 shares in the last quarter. MAI Capital Management increased its position in shares of Comcast by 39.5% in the first quarter. MAI Capital Management now owns 313,283 shares of the cable giant’s stock worth $13,581,000 after acquiring an additional 88,719 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Comcast in the first quarter worth $1,932,000. Koshinski Asset Management Inc. acquired a new stake in shares of Comcast in the first quarter worth $1,352,000. Finally, Dearborn Partners LLC increased its position in shares of Comcast by 4.6% in the first quarter. Dearborn Partners LLC now owns 9,748 shares of the cable giant’s stock worth $423,000 after acquiring an additional 426 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CMCSA shares. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Wednesday, November 6th. Macquarie reiterated a “neutral” rating and set a $40.00 price objective on shares of Comcast in a research note on Friday, November 1st. KeyCorp increased their price objective on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, TD Cowen reduced their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $46.75.

Comcast Stock Performance

Shares of CMCSA opened at $44.20 on Tuesday. The firm’s 50 day moving average is $41.18 and its 200-day moving average is $39.70. The stock has a market capitalization of $169.13 billion, a P/E ratio of 11.88, a P/E/G ratio of 1.66 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $1.08 earnings per share. Equities research analysts anticipate that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is presently 33.33%.

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.