Comcast Corporation $CMCSA Shares Sold by Sound View Wealth Advisors Group LLC

Sound View Wealth Advisors Group LLC decreased its stake in Comcast Corporation (NASDAQ:CMCSA) by 8.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,751 shares of the cable giant’s stock after selling 3,539 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Comcast were worth $1,454,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dodge & Cox boosted its holdings in shares of Comcast by 19.1% during the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after acquiring an additional 15,115,074 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of Comcast by 1.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 35,905,236 shares of the cable giant’s stock worth $1,281,458,000 after acquiring an additional 490,923 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Comcast by 2.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock valued at $1,240,955,000 after purchasing an additional 926,663 shares during the last quarter. Nuveen LLC acquired a new position in Comcast during the 1st quarter valued at about $940,015,000. Finally, Harris Associates L P boosted its stake in Comcast by 0.5% during the 1st quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock valued at $759,938,000 after purchasing an additional 111,662 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CMCSA shares. Royal Bank Of Canada decreased their price objective on Comcast from $38.00 to $32.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Benchmark decreased their price target on Comcast from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, October 31st. UBS Group set a $34.00 price objective on shares of Comcast in a research note on Friday, October 31st. KeyCorp lowered shares of Comcast from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 30th. Finally, Evercore ISI dropped their price target on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $36.29.

Comcast Stock Performance

Shares of CMCSA opened at $27.35 on Monday. The firm’s 50 day moving average is $30.76 and its 200-day moving average is $33.08. The stock has a market capitalization of $99.66 billion, a P/E ratio of 4.55, a P/E/G ratio of 1.77 and a beta of 0.92. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $44.63.

Comcast (NASDAQ:CMCSA) last issued its earnings results 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 net margin of 18.33% and a return on equity of 18.06%. Equities research analysts anticipate 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, February 4th. Stockholders of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a dividend yield of 4.8%. Comcast’s dividend payout ratio (DPR) is currently 21.96%.

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.