Comcast Co. (NASDAQ:CMCSA) Shares Sold by Allen Mooney & Barnes Investment Advisors LLC

Allen Mooney & Barnes Investment Advisors LLC lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 5.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,827 shares of the cable giant’s stock after selling 547 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Comcast were worth $410,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Benson Investment Management Company Inc. purchased a new stake in Comcast during the 3rd quarter valued at about $5,234,000. Michael S. Ryan Inc. boosted its position in Comcast by 5.5% in the third quarter. Michael S. Ryan Inc. now owns 7,261 shares of the cable giant’s stock valued at $303,000 after buying an additional 376 shares during the last quarter. Iams Wealth Management LLC boosted its position in Comcast by 1.8% in the third quarter. Iams Wealth Management LLC now owns 44,822 shares of the cable giant’s stock valued at $1,872,000 after buying an additional 805 shares during the last quarter. Creative Planning increased its holdings in Comcast by 2.7% in the 3rd quarter. Creative Planning now owns 959,549 shares of the cable giant’s stock worth $40,080,000 after buying an additional 24,968 shares during the period. Finally, CX Institutional lifted its stake in Comcast by 32.0% during the 3rd quarter. CX Institutional now owns 148,384 shares of the cable giant’s stock valued at $6,198,000 after acquiring an additional 35,987 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Evercore ISI lowered their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Wednesday, July 24th. Pivotal Research decreased their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, KeyCorp dropped their price target on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $45.55.

Comcast Stock Performance

NASDAQ:CMCSA opened at $41.97 on Tuesday. The company’s 50-day moving average is $40.05 and its two-hundred day moving average is $39.44. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market capitalization of $164.67 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.10 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last posted its earnings results 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 company had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.13 earnings per share. Analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders 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 2.95%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is 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.