Capital Analysts LLC grew its stake in shares of Comcast Co. (NASDAQ:CMCSA – Get Rating) by 5.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 141,644 shares of the cable giant’s stock after acquiring an additional 7,166 shares during the period. Capital Analysts LLC’s holdings in Comcast were worth $5,558,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Investment Advisory Services LLC increased its stake in Comcast by 2.3% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 10,775 shares of the cable giant’s stock worth $423,000 after buying an additional 244 shares during the period. First City Capital Management Inc. increased its position in Comcast by 1.4% during the 2nd quarter. First City Capital Management Inc. now owns 18,358 shares of the cable giant’s stock valued at $720,000 after purchasing an additional 256 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA increased its position in Comcast by 6.5% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 4,195 shares of the cable giant’s stock valued at $165,000 after purchasing an additional 257 shares during the period. ICW Investment Advisors LLC increased its position in Comcast by 1.5% during the 1st quarter. ICW Investment Advisors LLC now owns 18,187 shares of the cable giant’s stock valued at $851,000 after purchasing an additional 260 shares during the period. Finally, Mirador Capital Partners LP increased its position in Comcast by 1.8% during the 2nd quarter. Mirador Capital Partners LP now owns 14,546 shares of the cable giant’s stock valued at $571,000 after purchasing an additional 263 shares during the period. 82.80% of the stock is owned by institutional investors.
Analyst Ratings Changes
CMCSA has been the topic of a number of research reports. TD Securities raised their target price on shares of Comcast from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Wolfe Research lowered their price target on shares of Comcast from $39.00 to $33.00 and set an “underperform” rating on the stock in a report on Thursday, September 29th. Pivotal Research lowered their price target on shares of Comcast from $47.00 to $42.00 in a report on Thursday, October 27th. JPMorgan Chase & Co. cut shares of Comcast from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $52.00 to $45.00 in a report on Friday, July 29th. Finally, Benchmark lowered their price target on shares of Comcast from $60.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, September 28th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $44.52.
Comcast Stock Performance
Comcast Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Wednesday, January 4th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Tuesday, January 3rd. Comcast’s dividend payout ratio (DPR) is 93.91%.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.
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