EFG Asset Management Americas Corp. trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 91.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,101 shares of the cable giant’s stock after selling 92,196 shares during the period. EFG Asset Management Americas Corp.’s holdings in Comcast were worth $366,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of CMCSA. Efficient Wealth Management LLC bought a new stake in shares of Comcast during the first quarter worth approximately $25,000. Asset Advisors Investment Management LLC bought a new stake in shares of Comcast during the second quarter worth approximately $32,000. Financial Management Professionals Inc. bought a new stake in shares of Comcast during the second quarter worth approximately $33,000. Evolution Wealth Advisors LLC raised its stake in shares of Comcast by 68.5% during the second quarter. Evolution Wealth Advisors LLC now owns 841 shares of the cable giant’s stock worth $33,000 after buying an additional 342 shares during the last quarter. Finally, Disciplined Investments LLC raised its stake in shares of Comcast by 59.1% during the first quarter. Disciplined Investments LLC now owns 1,088 shares of the cable giant’s stock worth $37,000 after buying an additional 404 shares during the last quarter. 83.16% of the stock is owned by institutional investors and hedge funds.
Several brokerages have commented on CMCSA. Nomura Securities reaffirmed a “neutral” rating on shares of Comcast in a research note on Wednesday, April 22nd. Deutsche Bank lowered their target price on shares of Comcast from $52.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Nomura lowered their target price on shares of Comcast from $44.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Pivotal Research reaffirmed a “buy” rating and issued a $52.00 target price on shares of Comcast in a research note on Thursday. Finally, Rosenblatt Securities upped their target price on shares of Comcast from $45.00 to $51.00 and gave the company a “buy” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $48.38.
CMCSA traded down $0.87 during trading hours on Friday, hitting $42.80. 23,913,538 shares of the company’s stock were exchanged, compared to its average volume of 17,506,434. Comcast Co. has a 1-year low of $31.70 and a 1-year high of $47.74. The stock’s 50-day moving average is $40.51 and its two-hundred day moving average is $40.20. The stock has a market cap of $195.34 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 1.92 and a beta of 0.97. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 1.25.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 30th. The cable giant reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.14. Comcast had a net margin of 10.91% and a return on equity of 16.66%. The business had revenue of $23.72 billion during the quarter, compared to analysts’ expectations of $23.56 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The firm’s revenue was down 11.7% on a year-over-year basis. On average, equities research analysts anticipate that Comcast Co. will post 2.39 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, October 6th. Comcast’s payout ratio is 29.39%.
In other Comcast news, CAO Daniel C. Murdock sold 4,536 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $38.60, for a total value of $175,089.60. Following the completion of the sale, the chief accounting officer now owns 10,085 shares in the company, valued at $389,281. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.35% of the company’s stock.
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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