Comcast Co. (NASDAQ:CMCSA) Shares Sold by Belmont Capital LLC

Belmont Capital LLC lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 18.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 12,498 shares of the cable giant’s stock after selling 2,892 shares during the quarter. Belmont Capital LLC’s holdings in Comcast were worth $522,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Fairscale Capital LLC acquired a new stake in Comcast during the second quarter valued at $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of Comcast during the 2nd quarter worth about $27,000. IAG Wealth Partners LLC grew its position in shares of Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares during the period. McClarren Financial Advisors Inc. increased its stake in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares in the last quarter. Finally, Archer Investment Corp increased its stake in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on CMCSA shares. TD Cowen dropped their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Wells Fargo & Company upped their price objective on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. KeyCorp lifted their target price on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Macquarie upped their price target on shares of Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $46.88.

Comcast Stock Up 0.3 %

NASDAQ CMCSA opened at $43.00 on Tuesday. The business’s fifty day simple moving average is $41.67 and its 200-day simple moving average is $39.93. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market cap of $164.54 billion, a PE ratio of 11.56, a P/E/G ratio of 1.63 and a beta of 1.00. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same period in the previous year, the firm earned $1.08 earnings per share. Comcast’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.88%. Comcast’s payout ratio is 33.33%.

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.