Nisa Investment Advisors LLC Decreases Stock Position in Comcast Co. (NASDAQ:CMCSA)

Nisa Investment Advisors LLC lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,438,172 shares of the cable giant’s stock after selling 11,944 shares during the period. Nisa Investment Advisors LLC’s holdings in Comcast were worth $56,319,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CMCSA. Luken Investment Analytics LLC boosted its stake in Comcast by 258.0% during the 1st quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock worth $25,000 after purchasing an additional 418 shares during the period. Steph & Co. raised its position in Comcast by 154.6% during the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after buying an additional 371 shares during the last quarter. OLD Point Trust & Financial Services N A acquired a new stake in shares of Comcast in the 4th quarter worth $28,000. Pineridge Advisors LLC purchased a new stake in shares of Comcast in the fourth quarter valued at about $32,000. Finally, Financial Synergies Wealth Advisors Inc. increased its stake in shares of Comcast by 336.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after acquiring an additional 593 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the sale, the insider now owns 2,000,000 shares in the company, valued at $6,380,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.26% of the stock is owned by insiders.

Comcast Price Performance

NASDAQ:CMCSA traded up $0.53 during mid-day trading on Monday, hitting $40.15. The company’s stock had a trading volume of 6,748,399 shares, compared to its average volume of 20,250,273. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The stock has a fifty day moving average of $38.71 and a 200-day moving average of $40.14. The company has a market capitalization of $157.53 billion, a price-to-earnings ratio of 10.48, a P/E/G ratio of 1.07 and a beta of 1.00. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.30.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.13 EPS. As a group, equities analysts forecast that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be given a $0.31 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.09%. Comcast’s dividend payout ratio is 32.80%.

Analyst Ratings Changes

CMCSA has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Wells Fargo & Company decreased their price objective on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Wednesday, July 24th. KeyCorp dropped their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Finally, The Goldman Sachs Group began coverage on shares of Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $45.78.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.