Comcast Co. (NASDAQ:CMCSA) Shares Sold by Fiduciary Group LLC

Fiduciary Group LLC trimmed its stake in Comcast Co. (NASDAQ:CMCSA) by 2.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 252,594 shares of the cable giant’s stock after selling 6,652 shares during the quarter. Comcast makes up 1.1% of Fiduciary Group LLC’s holdings, making the stock its 26th largest holding. Fiduciary Group LLC’s holdings in Comcast were worth $9,892,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Bollard Group LLC boosted its position in Comcast by 0.7% during the fourth quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock worth $1,622,000 after purchasing an additional 244 shares during the period. Tortoise Investment Management LLC lifted its position in Comcast by 4.5% during the fourth quarter. Tortoise Investment Management LLC now owns 5,801 shares of the cable giant’s stock worth $254,000 after acquiring an additional 249 shares during the last quarter. Verum Partners LLC boosted its holdings in shares of Comcast by 4.9% during the second quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock worth $222,000 after acquiring an additional 267 shares during the period. L.M. Kohn & Company increased its stake in shares of Comcast by 3.5% during the fourth quarter. L.M. Kohn & Company now owns 7,996 shares of the cable giant’s stock worth $351,000 after purchasing an additional 270 shares during the period. Finally, Mcdonald Partners LLC lifted its holdings in Comcast by 1.4% during the 1st quarter. Mcdonald Partners LLC now owns 19,591 shares of the cable giant’s stock worth $849,000 after purchasing an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Comcast stock opened at $39.55 on Friday. The company has a market capitalization of $153.16 billion, a PE ratio of 10.46, a P/E/G ratio of 1.03 and a beta of 1.01. 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 50-day moving average price of $39.36 and a two-hundred day moving average price of $39.76. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11.

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

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be issued a $0.31 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 3.14%. Comcast’s payout ratio is 32.80%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. The Goldman Sachs Group initiated coverage on Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price target for the company. Pivotal Research lowered their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Evercore ISI cut their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. Finally, StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Comcast has a consensus rating of “Hold” and a consensus price target of $45.78.

Comcast Company 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.