Edmp Inc. Lowers Position in Comcast Corporation $CMCSA

Edmp Inc. decreased its position in Comcast Corporation (NASDAQ:CMCSAFree Report) by 10.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,242 shares of the cable giant’s stock after selling 2,673 shares during the period. Edmp Inc.’s holdings in Comcast were worth $829,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CMCSA. Brighton Jones LLC boosted its holdings in Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after buying an additional 99,986 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Comcast by 19.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 883,677 shares of the cable giant’s stock worth $32,608,000 after acquiring an additional 143,593 shares during the last quarter. Dynamic Advisor Solutions LLC increased its stake in shares of Comcast by 74.3% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 51,932 shares of the cable giant’s stock worth $1,916,000 after purchasing an additional 22,135 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of Comcast by 66.6% during the 1st quarter. Sound Income Strategies LLC now owns 5,671 shares of the cable giant’s stock worth $209,000 after purchasing an additional 2,267 shares during the last quarter. Finally, Traphagen Investment Advisors LLC lifted its stake in Comcast by 31.2% in the 1st quarter. Traphagen Investment Advisors LLC now owns 10,868 shares of the cable giant’s stock valued at $401,000 after buying an additional 2,583 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CMCSA shares. Barclays lowered their target price on Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Bank of America cut their price objective on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. Rothschild & Co Redburn cut their price objective on shares of Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. KeyCorp cut their price objective on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. Finally, Benchmark reaffirmed a “buy” rating on shares of Comcast in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Comcast presently has an average rating of “Hold” and a consensus target price of $39.94.

View Our Latest Stock Report on Comcast

Comcast Price Performance

CMCSA opened at $29.41 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a 52-week low of $29.39 and a 52-week high of $45.31. The company has a 50 day moving average of $32.42 and a two-hundred day moving average of $33.85. The company 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 (NASDAQ:CMCSAGet Free Report) last released its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The company had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. On average, analysts expect 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. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. Comcast’s dividend payout ratio is 21.82%.

Comcast Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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