Comcast Corporation $CMCSA Position Reduced by Godsey & Gibb Inc.

Godsey & Gibb Inc. lessened its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 99.6% in the third quarter, Holdings Channel reports. The fund owned 2,528 shares of the cable giant’s stock after selling 574,258 shares during the quarter. Godsey & Gibb Inc.’s holdings in Comcast were worth $55,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Alliance Wealth Advisors LLC boosted its holdings in shares of Comcast by 156.4% in the third quarter. Alliance Wealth Advisors LLC now owns 42,977 shares of the cable giant’s stock worth $935,000 after buying an additional 26,216 shares during the last quarter. Triumph Capital Management grew its position in Comcast by 65.1% during the third quarter. Triumph Capital Management now owns 11,525 shares of the cable giant’s stock valued at $251,000 after buying an additional 4,544 shares during the period. Baker Ellis Asset Management LLC increased its holdings in Comcast by 7.6% during the third quarter. Baker Ellis Asset Management LLC now owns 11,317 shares of the cable giant’s stock valued at $246,000 after buying an additional 800 shares during the last quarter. Mitchell & Pahl Private Wealth LLC increased its holdings in Comcast by 8.1% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 108,865 shares of the cable giant’s stock valued at $2,369,000 after buying an additional 8,143 shares during the last quarter. Finally, Sanders Morris Harris LLC purchased a new stake in Comcast during the third quarter valued at approximately $226,000. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CMCSA shares. The Goldman Sachs Group decreased their price target on shares of Comcast from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. Raymond James Financial reissued a “market perform” rating on shares of Comcast in a research report on Friday, October 2nd. Rosenblatt Securities reissued a “buy” rating and set a $31.00 price objective on shares of Comcast in a research report on Friday, July 24th. Morgan Stanley reduced their price objective on Comcast from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, September 25th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $27.00 target price (down from $32.00) on shares of Comcast in a report on Tuesday, September 15th. Eleven analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, Comcast has an average rating of “Hold” and an average target price of $30.81.

Comcast Trading Up 0.8%

Shares of Comcast stock opened at $21.05 on Thursday. The company has a market capitalization of $74.70 billion, a P/E ratio of 6.81, a P/E/G ratio of 1.50 and a beta of 0.68. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. The company has a fifty day moving average of $24.28 and a 200 day moving average of $24.91. Comcast Corporation has a fifty-two week low of $20.48 and a fifty-two week high of $32.85.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $29.94 billion during the quarter, compared to analyst estimates of $29.24 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%. Comcast’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 EPS. On average, sell-side analysts anticipate that Comcast Corporation will post 3.49 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.3%. Comcast’s dividend payout ratio is 42.72%.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a global media and communications company headquartered in Philadelphia, Pennsylvania. Its businesses include broadband internet, wireless services, video, voice, and business connectivity services, primarily marketed under the Xfinity brand in the United States. Comcast also provides advertising and related technology services to businesses and media organizations.

Through NBCUniversal, Comcast operates national and local television networks, broadcast network NBC, Spanish-language network Telemundo, the Peacock streaming service, and a portfolio of film and television production businesses.