Versant Capital Management Inc cut its stake in shares of Comcast Corporation (NASDAQ:CMCSA – Free Report) by 85.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,822 shares of the cable giant’s stock after selling 28,021 shares during the quarter. Versant Capital Management Inc’s holdings in Comcast were worth $118,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Imprint Wealth LLC purchased a new stake in Comcast in the 3rd quarter worth approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Comcast in the 4th quarter valued at $27,000. Whipplewood Advisors LLC lifted its stake in shares of Comcast by 75.5% in the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 401 shares during the last quarter. Main Street Group LTD bought a new stake in Comcast in the first quarter worth $27,000. Finally, Richardson Financial Services Inc. boosted its holdings in Comcast by 212.6% in the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after purchasing an additional 691 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.
Analysts Set New Price Targets
Several research firms have weighed in on CMCSA. Barclays set a $26.00 target price on Comcast and gave the company an “equal weight” rating in a report on Friday, July 24th. Freedom Capital raised Comcast to a “hold” rating in a report on Friday, June 12th. UBS Group restated a “neutral” rating on shares of Comcast in a report on Tuesday, June 23rd. New Street Research lowered their price target on Comcast from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, June 25th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $31.00 price target on shares of Comcast in a research report on Friday, July 24th. Eleven analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Comcast has a consensus rating of “Hold” and an average price target of $32.96.
Comcast Price Performance
NASDAQ CMCSA opened at $25.36 on Monday. Comcast Corporation has a twelve month low of $21.28 and a twelve month high of $34.45. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $89.99 billion, a PE ratio of 8.21, a P/E/G ratio of 1.44 and a beta of 0.67. The stock has a 50-day simple moving average of $23.69 and a 200 day simple moving average of $26.99.
Comcast (NASDAQ:CMCSA – Get Free Report) last released its earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $29.94 billion for the quarter, compared to analyst estimates of $29.24 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 EPS. Research analysts anticipate that Comcast Corporation will post 3.52 EPS for the current year.
Comcast Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be paid a $0.33 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 annualized dividend and a dividend yield of 5.2%. Comcast’s dividend payout ratio (DPR) is presently 42.72%.
Comcast Profile
Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.
NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.
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