Vanguard Personalized Indexing Management LLC Boosts Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Vanguard Personalized Indexing Management LLC increased its stake in Comcast Co. (NASDAQ:CMCSA) by 8.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 381,579 shares of the cable giant’s stock after acquiring an additional 29,480 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Comcast were worth $14,407,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. Steph & Co. lifted its position in shares of Comcast by 154.6% during the first 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. OLD Point Trust & Financial Services N A purchased a new position in Comcast in the fourth quarter valued at approximately $28,000. Pineridge Advisors LLC purchased a new position in shares of Comcast during the fourth quarter worth approximately $32,000. Financial Synergies Wealth Advisors Inc. grew its position in shares of Comcast by 336.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after acquiring an additional 593 shares during the last quarter. Finally, IAG Wealth Partners LLC grew its position in shares of Comcast by 204.7% during the second 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. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 0.2 %

NASDAQ:CMCSA opened at $39.28 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The business’s fifty day moving average price is $39.43 and its 200 day moving average price is $39.67. The firm has a market capitalization of $154.12 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 1.03 and a beta of 1.01.

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

Comcast Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.16%. Comcast’s payout ratio is 32.80%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Macquarie reissued a “neutral” rating and issued a $40.00 target price on shares of Comcast in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. BNP Paribas lowered 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. The Goldman Sachs Group began coverage on Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective on the stock. Finally, Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $45.78.

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.