Brooklyn Investment Group Sells 3,363 Shares of Comcast Co. (NASDAQ:CMCSA)

Brooklyn Investment Group reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 11.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,492 shares of the cable giant’s stock after selling 3,363 shares during the quarter. Brooklyn Investment Group’s holdings in Comcast were worth $1,107,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CMCSA. Fairscale Capital LLC bought a new position in Comcast during the 2nd quarter worth about $26,000. McClarren Financial Advisors Inc. lifted its holdings in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after buying an additional 570 shares during the period. Iron Horse Wealth Management LLC boosted its position in Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 522 shares in the last quarter. IAG Wealth Partners LLC increased its holdings in shares of Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares during the period. Finally, Archer Investment Corp increased its holdings in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 519 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Performance

NASDAQ:CMCSA opened at $43.20 on Tuesday. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The company has a 50 day moving average price of $42.06 and a 200 day moving average price of $40.08. The stock has a market capitalization of $165.31 billion, a P/E ratio of 11.61, a PEG ratio of 1.64 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Comcast’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 EPS. Equities research analysts forecast that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.87%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of recent analyst reports. Pivotal Research raised their price target on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday, November 6th. Evercore ISI raised Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Macquarie boosted their target price on Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. Finally, Wells Fargo & Company increased their price objective on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.19.

Comcast Company 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.