Uncommon Cents Investing LLC Sells 989 Shares of Comcast Corporation $CMCSA

Uncommon Cents Investing LLC reduced its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,455 shares of the cable giant’s stock after selling 989 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Comcast were worth $2,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMCSA. Advisor OS LLC lifted its position in Comcast by 33.2% during the 1st quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock worth $1,308,000 after acquiring an additional 8,841 shares during the period. Resona Asset Management Co. Ltd. boosted its position in Comcast by 10.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock valued at $47,254,000 after buying an additional 118,839 shares during the last quarter. OMNI 360 Wealth Inc. acquired a new stake in shares of Comcast in the first quarter valued at approximately $335,000. DAVENPORT & Co LLC lifted its position in Comcast by 41.7% in the 1st quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant’s stock worth $157,766,000 after buying an additional 1,261,278 shares in the last quarter. Finally, Kestra Investment Management LLC grew its position in Comcast by 49.5% in the 1st quarter. Kestra Investment Management LLC now owns 71,331 shares of the cable giant’s stock worth $2,632,000 after purchasing an additional 23,607 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CMCSA. Scotiabank increased their price objective on shares of Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a research report on Friday, July 11th. Barclays dropped their price objective on Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Rosenblatt Securities lifted their price objective on Comcast from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. UBS Group cut their price objective on Comcast from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, August 1st. Finally, Morgan Stanley dropped their price objective on Comcast from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Comcast currently has a consensus rating of “Hold” and a consensus target price of $40.19.

Comcast Trading Up 0.3%

Shares of NASDAQ:CMCSA opened at $31.72 on Friday. The firm has a fifty day moving average price of $33.13 and a 200 day moving average price of $34.31. The stock has a market capitalization of $117.12 billion, a PE ratio of 5.24, a P/E/G ratio of 1.90 and a beta of 0.93. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a 1 year low of $31.03 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. The company had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.21 earnings per share. Analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. Comcast’s dividend payout ratio (DPR) is 21.82%.

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.