Murphy Pohlad Asset Management LLC Sells 13,375 Shares of Comcast Corporation $CMCSA

Murphy Pohlad Asset Management LLC reduced its position in Comcast Corporation (NASDAQ:CMCSA) by 10.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,415 shares of the cable giant’s stock after selling 13,375 shares during the quarter. Comcast makes up 1.8% of Murphy Pohlad Asset Management LLC’s portfolio, making the stock its 16th largest holding. Murphy Pohlad Asset Management LLC’s holdings in Comcast were worth $4,155,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. QRG Capital Management Inc. lifted its holdings in shares of Comcast by 13.0% during the second quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock valued at $25,867,000 after acquiring an additional 83,631 shares during the period. Advisor OS LLC lifted its holdings in shares of Comcast by 33.2% during the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock valued at $1,308,000 after acquiring an additional 8,841 shares during the period. Aberdeen Group plc lifted its holdings in shares of Comcast by 5.4% during the second quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock valued at $103,142,000 after acquiring an additional 147,231 shares during the period. Resona Asset Management Co. Ltd. lifted its holdings in shares of Comcast by 10.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock valued at $47,254,000 after acquiring an additional 118,839 shares during the period. Finally, Davidson Investment Advisors lifted its holdings in shares of Comcast by 37.4% during the second quarter. Davidson Investment Advisors now owns 457,691 shares of the cable giant’s stock valued at $16,335,000 after acquiring an additional 124,484 shares during the period. 84.32% of the stock is owned by institutional investors.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $27.32 on Friday. The stock has a market capitalization of $100.87 billion, a P/E ratio of 4.52, a P/E/G ratio of 1.69 and a beta of 0.94. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $45.31. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The business has a 50-day moving average price of $31.53 and a two-hundred day moving average price of $33.37.

Comcast (NASDAQ:CMCSA) last announced 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 during the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%. Equities analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.8%. Comcast’s dividend payout ratio is 21.82%.

Analyst Ratings Changes

A number of research analysts have issued reports on CMCSA shares. Sanford C. Bernstein cut their price objective on Comcast from $37.00 to $36.00 and set a “market perform” rating for the company in a report on Wednesday, September 10th. Bank of America lowered 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. KeyCorp lowered shares of Comcast from an “overweight” rating to a “sector weight” rating in a research report on Thursday. Finally, Scotiabank reiterated a “sector perform” rating and set a $45.50 target price (up from $45.00) on shares of Comcast in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Comcast has a consensus rating of “Hold” and an average target price of $39.52.

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.