Empirical Finance LLC Sells 13,337 Shares of Comcast Corporation $CMCSA

Empirical Finance LLC lowered its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 158,071 shares of the cable giant’s stock after selling 13,337 shares during the period. Empirical Finance LLC’s holdings in Comcast were worth $5,642,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Global Trust Asset Management LLC boosted its stake in Comcast by 906.8% in the 2nd 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. Cranbrook Wealth Management LLC increased its position in shares of 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 buying an additional 350 shares during the period. Avalon Trust Co lifted its holdings in shares of Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after buying an additional 624 shares in the last quarter. Ransom Advisory Ltd bought a new position in shares of Comcast in the first quarter valued at approximately $29,000. Finally, Princeton Global Asset Management LLC boosted its position in shares of Comcast by 403.5% in the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after acquiring an additional 686 shares during the period. 84.32% of the stock is owned by institutional investors.

Comcast Stock Up 0.5%

CMCSA opened at $27.36 on Wednesday. The business’s fifty day simple moving average is $29.86 and its 200 day simple moving average is $32.77. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $44.03. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The stock has a market cap of $99.70 billion, a PE ratio of 4.55, a P/E/G ratio of 1.78 and a beta of 0.92.

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. The firm had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. As a group, research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Wednesday, January 14th. Comcast’s payout ratio is presently 21.96%.

Analyst Ratings Changes

Several research firms have issued reports on CMCSA. Scotiabank lowered their target price on shares of Comcast from $45.50 to $41.50 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. UBS Group set a $34.00 price target on shares of Comcast in a report on Friday, October 31st. Pivotal Research lowered their price objective on Comcast from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Oppenheimer set a $38.00 target price on Comcast in a research report on Tuesday, November 4th. Finally, Daiwa Capital Markets decreased their target price on Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday. Eleven research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Comcast currently has a consensus rating of “Hold” and an average price target of $35.92.

About Comcast

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.