North Star Investment Management Corp. lowered its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,399 shares of the cable giant’s stock after selling 628 shares during the period. North Star Investment Management Corp.’s holdings in Comcast were worth $2,678,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. Krane Funds Advisors LLC acquired a new position in shares of Comcast in the 2nd quarter valued at $25,000. Evolution Wealth Advisors LLC acquired a new position in shares of Comcast in the 2nd quarter valued at $26,000. Mackey Komara & Dankovich LLC acquired a new position in shares of Comcast in the 1st quarter valued at $27,000. Bray Capital Advisors acquired a new position in shares of Comcast in the 2nd quarter valued at $30,000. Finally, Litman Gregory Asset Management LLC acquired a new position in shares of Comcast in the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 82.75% of the company’s stock.
Comcast stock traded up $0.73 during trading hours on Friday, reaching $44.79. 580,422 shares of the stock were exchanged, compared to its average volume of 17,229,068. The stock has a market cap of $202.34 billion, a P/E ratio of 17.57, a P/E/G ratio of 1.21 and a beta of 1.08. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.69 and a current ratio of 0.69. Comcast Co. has a 52-week low of $32.61 and a 52-week high of $47.27. The firm’s 50 day moving average is $44.86 and its 200 day moving average is $42.99.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.84 dividend on an annualized basis and a yield of 1.88%. Comcast’s payout ratio is currently 32.94%.
In other Comcast news, Director Kenneth J. Bacon sold 4,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $45.03, for a total transaction of $180,120.00. Following the completion of the transaction, the director now owns 29,603 shares in the company, valued at approximately $1,333,023.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Daniel C. Murdock sold 848 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $44.23, for a total transaction of $37,507.04. Following the transaction, the senior vice president now owns 3,419 shares of the company’s stock, valued at approximately $151,222.37. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by corporate insiders.
Several research analysts have recently issued reports on the stock. Bank of America set a $58.00 target price on shares of Comcast and gave the company a “buy” rating in a report on Wednesday, August 21st. Raymond James downgraded shares of Comcast from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $25.00 to $21.00 in a research report on Friday, June 14th. Pivotal Research upped their price target on shares of Comcast from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Goldman Sachs Group upgraded shares of Comcast from a “neutral” rating to a “buy” rating and upped their price target for the company from $44.00 to $54.00 in a research report on Wednesday, July 10th. Finally, ValuEngine downgraded shares of Comcast from a “sell” rating to a “strong sell” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-three have given a buy rating to the company. Comcast currently has an average rating of “Buy” and a consensus target price of $48.70.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
Featured Story: What is Elliott Wave theory?
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.