Alpine Woods Capital Investors LLC Has $500,000 Position in Comcast Corporation $CMCSA

Alpine Woods Capital Investors LLC reduced its holdings in Comcast Corporation (NASDAQ:CMCSA) by 47.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 14,020 shares of the cable giant’s stock after selling 12,751 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Comcast were worth $500,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CMCSA. Inlight Wealth Management LLC acquired a new position in Comcast in the first quarter valued at approximately $26,000. Cranbrook Wealth Management LLC raised its holdings in Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares during the period. Global Trust Asset Management LLC raised its holdings in Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares during the period. Abound Financial LLC acquired a new stake in Comcast in the first quarter worth $29,000. Finally, Ransom Advisory Ltd acquired a new stake in Comcast in the first quarter worth $29,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

CMCSA stock opened at $29.41 on Tuesday. 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 1 year low of $29.39 and a 1 year high of $45.31. The stock has a 50-day moving average price of $32.42 and a two-hundred day moving average price of $33.85. The stock has a market cap of $108.59 billion, a PE ratio of 4.86, a price-to-earnings-growth ratio of 1.74 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The firm had revenue of $30.34 billion for the quarter. Equities analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.5%. The ex-dividend date is Wednesday, October 1st. Comcast’s payout ratio is presently 21.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Loop Capital cut their target price on shares of Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a report on Wednesday, October 1st. Rothschild & Co Redburn cut their target price on shares of Comcast from $44.00 to $35.00 in a report on Friday, June 20th. KeyCorp cut their target price on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Comcast in a report on Saturday, September 27th. Finally, Royal Bank Of Canada started coverage on shares of Comcast in a report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $39.94.

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.