Financial Engines Advisors L.L.C. Has $227,000 Holdings in Comcast Co. (NASDAQ:CMCSA)

Financial Engines Advisors L.L.C. cut its stake in shares of Comcast Co. (NASDAQ:CMCSAGet Rating) by 51.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,796 shares of the cable giant’s stock after selling 6,163 shares during the period. Financial Engines Advisors L.L.C.’s holdings in Comcast were worth $227,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CMCSA. Financial Gravity Asset Management Inc. increased its holdings in Comcast by 1,476.6% in the second quarter. Financial Gravity Asset Management Inc. now owns 741 shares of the cable giant’s stock valued at $4,347,000 after purchasing an additional 694 shares during the period. Albion Financial Group UT increased its holdings in Comcast by 550.0% in the first quarter. Albion Financial Group UT now owns 1,027 shares of the cable giant’s stock valued at $48,000 after purchasing an additional 869 shares during the period. Destiny Wealth Partners LLC increased its holdings in Comcast by 31.9% in the second quarter. Destiny Wealth Partners LLC now owns 1,133 shares of the cable giant’s stock valued at $44,000 after purchasing an additional 274 shares during the period. WFA of San Diego LLC acquired a new stake in Comcast in the second quarter valued at $46,000. Finally, Urban Wealth Management LLC acquired a new stake in Comcast in the second quarter valued at $48,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Up 1.2 %

Shares of CMCSA stock opened at $35.53 on Thursday. Comcast Co. has a 12-month low of $28.39 and a 12-month high of $53.31. The firm has a market cap of $153.61 billion, a P/E ratio of 30.90, a PEG ratio of 0.75 and a beta of 0.99. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.18. The company has a 50 day moving average of $31.75 and a 200-day moving average of $36.95.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 25th. Shareholders of record on Wednesday, January 4th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.04%. The ex-dividend date is Tuesday, January 3rd. Comcast’s payout ratio is 93.91%.

Analyst Ratings Changes

CMCSA has been the subject of a number of recent analyst reports. Pivotal Research decreased their price target on Comcast from $47.00 to $42.00 in a report on Thursday, October 27th. Wells Fargo & Company decreased their price target on Comcast from $36.00 to $30.00 and set an “underweight” rating for the company in a report on Tuesday, October 4th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 2nd. Truist Financial decreased their price target on Comcast from $45.00 to $34.00 and set a “hold” rating for the company in a report on Friday, October 28th. Finally, Credit Suisse Group cut their price objective on shares of Comcast from $57.00 to $51.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 27th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $44.52.

About Comcast

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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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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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