Anchor Investment Management LLC Trims Stock Position in Comcast Corporation $CMCSA

Anchor Investment Management LLC lessened its holdings in Comcast Corporation (NASDAQ:CMCSA) by 3.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,633 shares of the cable giant’s stock after selling 2,064 shares during the period. Anchor Investment Management LLC’s holdings in Comcast were worth $2,348,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CMCSA. Brighton Jones LLC raised its position in shares of Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after buying an additional 99,986 shares during the last quarter. Hudson Bay Capital Management LP increased its position in Comcast by 902.2% during the fourth quarter. Hudson Bay Capital Management LP now owns 65,780 shares of the cable giant’s stock worth $2,469,000 after purchasing an additional 73,980 shares during the last quarter. Mork Capital Management LLC increased its position in Comcast by 66.7% during the fourth quarter. Mork Capital Management LLC now owns 40,230 shares of the cable giant’s stock worth $1,510,000 after purchasing an additional 16,100 shares during the last quarter. OMERS ADMINISTRATION Corp increased its position in Comcast by 13.5% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 180,112 shares of the cable giant’s stock worth $6,760,000 after purchasing an additional 21,462 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its position in Comcast by 1.9% during the fourth quarter. Nuveen Asset Management LLC now owns 26,055,944 shares of the cable giant’s stock worth $977,880,000 after purchasing an additional 497,829 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA stock opened at $33.67 on Wednesday. The company has a market capitalization of $124.32 billion, a PE ratio of 5.57, a price-to-earnings-growth ratio of 2.04 and a beta of 0.93. The firm has a fifty day simple moving average of $33.94 and a 200-day simple moving average of $34.64. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a twelve month low of $31.03 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.07. The business had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.21 earnings per share. Equities research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio is 21.82%.

Wall Street Analyst Weigh In

CMCSA has been the subject of several research analyst reports. Benchmark reaffirmed a “buy” rating on shares of Comcast in a research report on Friday, July 18th. Moffett Nathanson upped their price target on shares of Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, June 12th. Royal Bank Of Canada started coverage on shares of Comcast in a research report on Monday. They set a “sector perform” rating and a $38.00 price target for the company. UBS Group dropped their price objective on shares of Comcast from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, August 1st. Finally, Barclays dropped their price objective on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Comcast has an average rating of “Hold” and a consensus target price of $40.63.

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.