Robinson Value Management Ltd. Sells 370 Shares of Comcast Corporation $CMCSA

Robinson Value Management Ltd. trimmed its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,550 shares of the cable giant’s stock after selling 370 shares during the period. Comcast accounts for about 2.3% of Robinson Value Management Ltd.’s investment portfolio, making the stock its 17th biggest holding. Robinson Value Management Ltd.’s holdings in Comcast were worth $3,624,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Arista Wealth Management LLC bought a new stake in shares of Comcast during the second quarter worth approximately $846,000. Angeles Wealth Management LLC boosted its holdings in Comcast by 8.9% during the second quarter. Angeles Wealth Management LLC now owns 8,723 shares of the cable giant’s stock worth $311,000 after buying an additional 714 shares during the last quarter. Applied Finance Capital Management LLC boosted its holdings in Comcast by 2.4% during the second quarter. Applied Finance Capital Management LLC now owns 51,057 shares of the cable giant’s stock worth $1,822,000 after buying an additional 1,183 shares during the last quarter. Riverbend Wealth Management LLC bought a new position in Comcast during the second quarter worth about $201,000. Finally, Sage Private Wealth Group LLC boosted its holdings in Comcast by 26.5% during the second quarter. Sage Private Wealth Group LLC now owns 18,667 shares of the cable giant’s stock worth $666,000 after buying an additional 3,907 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

CMCSA has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research report on Tuesday. Arete Research raised Comcast to a “hold” rating in a research note on Tuesday, July 8th. Citigroup reaffirmed a “buy” rating on shares of Comcast in a research note on Tuesday, August 26th. Rosenblatt Securities cut their price objective on Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.76.

Comcast Trading Up 1.0%

NASDAQ CMCSA opened at $29.54 on Friday. The stock has a market capitalization of $109.07 billion, a price-to-earnings ratio of 4.88, a PEG ratio of 1.73 and a beta of 0.94. The stock’s 50 day moving average price is $32.23 and its two-hundred day moving average price is $33.70. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. Comcast Corporation has a 52 week low of $29.15 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA) last released its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The firm had revenue of $30.34 billion for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%. As a group, analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.5%. Comcast’s payout ratio is presently 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.