Sky Investment Group LLC Has $1.98 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Sky Investment Group LLC lowered its holdings in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 19.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 53,548 shares of the cable giant’s stock after selling 12,825 shares during the period. Sky Investment Group LLC’s holdings in Comcast were worth $1,976,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Sculati Wealth Management LLC raised its stake in Comcast by 0.9% during the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant’s stock valued at $1,156,000 after buying an additional 285 shares during the last quarter. Kovack Advisors Inc. raised its stake in Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock valued at $993,000 after buying an additional 300 shares during the last quarter. Beck Mack & Oliver LLC raised its stake in Comcast by 2.0% during the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant’s stock valued at $583,000 after buying an additional 300 shares during the last quarter. Toth Financial Advisory Corp raised its stake in Comcast by 9.0% during the 1st quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant’s stock valued at $134,000 after buying an additional 300 shares during the last quarter. Finally, Cypress Wealth Services LLC raised its stake in Comcast by 1.7% during the 1st quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant’s stock valued at $690,000 after buying an additional 318 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 0.3%

CMCSA opened at $35.27 on Friday. The firm has a 50-day simple moving average of $34.42 and a two-hundred day simple moving average of $36.20. Comcast Co. has a 52 week low of $31.44 and a 52 week high of $45.31. The company has a market capitalization of $131.69 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSAGet Free Report) last released its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter in the prior year, the firm earned $1.04 EPS. The business’s revenue was down .6% on a year-over-year basis. Analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Wednesday, July 2nd. Comcast’s dividend payout ratio (DPR) is presently 32.43%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CMCSA shares. Wall Street Zen upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Barclays reduced their price objective on Comcast from $37.00 to $35.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. Argus lowered Comcast from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price objective for the company. in a research note on Thursday, April 10th. Finally, UBS Group set a $44.50 price objective on Comcast in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and a consensus target price of $42.10.

Get Our Latest Research Report on CMCSA

Comcast Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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