FLC Capital Advisors Sells 5,407 Shares of Comcast Corporation $CMCSA

FLC Capital Advisors lessened its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 21.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 19,777 shares of the cable giant’s stock after selling 5,407 shares during the period. FLC Capital Advisors’ holdings in Comcast were worth $706,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

CMCSA has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. Sanford C. Bernstein dropped their price objective on Comcast from $37.00 to $36.00 and set a “market perform” rating for the company in a research note on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, October 6th. Rosenblatt Securities dropped their price objective on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Barclays dropped their price objective on Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. 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 assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $39.76.

Comcast Price Performance

Shares of Comcast stock opened at $29.54 on Monday. The stock has a 50 day moving average of $32.23 and a 200 day moving average of $33.66. Comcast Corporation has a 12 month low of $29.15 and a 12 month high of $45.31. The firm has a market cap of $109.07 billion, a PE ratio of 4.88, a PEG ratio of 1.75 and a beta of 0.94. 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 (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company had revenue of $30.34 billion during the quarter. On average, research analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.5%. Comcast’s dividend payout ratio 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.