Aspiriant LLC Sells 3,278 Shares of Comcast Corporation $CMCSA

Aspiriant LLC lessened its holdings in Comcast Corporation (NASDAQ:CMCSA) by 15.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 18,204 shares of the cable giant’s stock after selling 3,278 shares during the quarter. Aspiriant LLC’s holdings in Comcast were worth $650,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Inlight Wealth Management LLC purchased a new position in shares of Comcast in the 1st quarter worth about $26,000. Cranbrook Wealth Management LLC increased 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 worth $27,000 after buying an additional 350 shares during the last quarter. Global Trust Asset Management LLC raised its position in Comcast by 906.8% in the second 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 period. Abound Financial LLC purchased a new position in Comcast in the first quarter valued at about $29,000. Finally, Ransom Advisory Ltd bought a new position in shares of Comcast during the 1st quarter valued at approximately $29,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CMCSA has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, October 6th. Barclays dropped their price target on Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Morgan Stanley set a $35.00 price objective on Comcast and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Bank of America dropped their price objective on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Finally, Sanford C. Bernstein reduced their target price on shares of Comcast from $37.00 to $36.00 and set a “market perform” rating for the company in a research note on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $39.76.

Comcast Trading Up 1.0%

Shares of CMCSA opened at $29.54 on Friday. Comcast Corporation has a twelve month low of $29.15 and a twelve month high of $45.31. The stock has a market cap of $109.07 billion, a PE ratio of 4.88, a P/E/G ratio of 1.75 and a beta of 0.94. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The business’s 50-day moving average price is $32.23 and its 200-day moving average price is $33.68.

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

Comcast Dividend Announcement

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

Comcast 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.