Cutler Investment Counsel LLC Sells 374 Shares of Comcast Corporation $CMCSA

Cutler Investment Counsel LLC cut its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 107,683 shares of the cable giant’s stock after selling 374 shares during the period. Cutler Investment Counsel LLC’s holdings in Comcast were worth $3,843,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of CMCSA. Inlight Wealth Management LLC bought a new position in shares of Comcast during the 1st quarter valued at about $26,000. Cranbrook Wealth Management LLC grew its position in Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after acquiring an additional 350 shares during the last quarter. Global Trust Asset Management LLC grew its position in Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after acquiring an additional 671 shares during the last quarter. Abound Financial LLC bought a new position in Comcast during the 1st quarter worth approximately $29,000. Finally, Ransom Advisory Ltd bought a new position in Comcast during the 1st quarter worth approximately $29,000. 84.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Rothschild & Co Redburn reduced their price target on Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Scotiabank restated a “sector perform” rating and set a $45.50 price target (up from $45.00) on shares of Comcast in a research report on Monday, October 6th. Benchmark restated a “buy” rating on shares of Comcast in a research report on Friday, July 18th. Morgan Stanley set a $35.00 price target on Comcast and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Finally, Moffett Nathanson raised their price target on Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Comcast currently has an average rating of “Hold” and an average price target of $39.94.

Comcast Price Performance

Shares of CMCSA stock opened at $29.41 on Tuesday. The firm has a market cap of $108.59 billion, a P/E ratio of 4.86, a P/E/G ratio of 1.74 and a beta of 0.94. Comcast Corporation has a fifty-two week low of $29.39 and a fifty-two week high of $45.31. The business’s 50 day moving average price is $32.42 and its 200-day moving average price is $33.85. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91.

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

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is presently 21.82%.

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.