Allred Capital Management LLC Lowers Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Allred Capital Management LLC trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 33.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,445 shares of the cable giant’s stock after selling 5,751 shares during the quarter. Allred Capital Management LLC’s holdings in Comcast were worth $509,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Krane Funds Advisors LLC purchased a new position in shares of Comcast during the second quarter worth approximately $25,000. Evolution Wealth Advisors LLC purchased a new position in shares of Comcast during the second quarter worth approximately $26,000. Mackey Komara & Dankovich LLC purchased a new position in shares of Comcast during the first quarter worth approximately $27,000. Bray Capital Advisors purchased a new position in shares of Comcast during the second quarter worth approximately $30,000. Finally, Litman Gregory Asset Management LLC purchased a new position in shares of Comcast during the second quarter worth approximately $31,000. 82.75% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Comcast stock traded up $0.01 on Monday, hitting $44.72. The stock had a trading volume of 2,700,090 shares, compared to its average volume of 16,395,077. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.30. Comcast Co. has a one year low of $32.61 and a one year high of $47.27. The stock has a market cap of $200.25 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.20 and a beta of 1.08. The stock’s 50-day simple moving average is $44.91 and its two-hundred day simple moving average is $43.01.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. Comcast had a net margin of 11.64% and a return on equity of 17.50%. The firm had revenue of $26.86 billion for the quarter, compared to analysts’ expectations of $27.08 billion. During the same quarter last year, the business earned $0.65 earnings per share. The business’s revenue was up 23.6% on a year-over-year basis. As a group, equities analysts predict that Comcast Co. will post 3.07 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.88%. The ex-dividend date is Tuesday, October 1st. Comcast’s dividend payout ratio (DPR) is currently 32.94%.

CMCSA has been the topic of several research reports. Morgan Stanley lifted their price target on shares of Comcast from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Raymond James downgraded shares of Comcast from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $25.00 to $21.00 in a research note on Friday, June 14th. Goldman Sachs Group raised shares of Comcast from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $44.00 to $54.00 in a research note on Wednesday, July 10th. Cfra set a $50.00 price target on shares of Comcast and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, ValuEngine downgraded shares of Comcast from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-three have given a buy rating to the company’s stock. Comcast has a consensus rating of “Buy” and a consensus target price of $48.70.

In related news, Director Kenneth J. Bacon sold 4,000 shares of Comcast stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $45.03, for a total value of $180,120.00. Following the sale, the director now owns 29,603 shares in the company, valued at $1,333,023.09. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Daniel C. Murdock sold 848 shares of Comcast stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total transaction of $37,507.04. Following the completion of the sale, the senior vice president now owns 3,419 shares in the company, valued at approximately $151,222.37. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.

About Comcast

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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