Brighton Jones LLC decreased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 9.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 67,952 shares of the cable giant’s stock after selling 7,491 shares during the period. Brighton Jones LLC’s holdings in Comcast were worth $2,230,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Captrust Financial Advisors lifted its holdings in shares of Comcast by 897.8% in the fourth quarter. Captrust Financial Advisors now owns 205,168 shares of the cable giant’s stock valued at $8,217,000 after buying an additional 184,605 shares during the period. NWQ Investment Management Company LLC acquired a new stake in shares of Comcast in the fourth quarter valued at $243,000. GHP Investment Advisors Inc. lifted its holdings in shares of Comcast by 2.6% in the fourth quarter. GHP Investment Advisors Inc. now owns 55,671 shares of the cable giant’s stock valued at $2,230,000 after buying an additional 1,418 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in shares of Comcast by 2.7% in the fourth quarter. TIAA CREF Investment Management LLC now owns 33,885,075 shares of the cable giant’s stock valued at $1,357,097,000 after buying an additional 892,457 shares during the period. Finally, Elkfork Partners LLC lifted its holdings in shares of Comcast by 61.8% in the fourth quarter. Elkfork Partners LLC now owns 78,496 shares of the cable giant’s stock valued at $3,144,000 after buying an additional 29,986 shares during the period. Institutional investors own 80.89% of the company’s stock.
Several analysts have recently weighed in on CMCSA shares. Pivotal Research restated a “buy” rating and issued a $45.00 price objective on shares of Comcast in a report on Tuesday, June 26th. KeyCorp assumed coverage on Comcast in a report on Wednesday, May 16th. They set a “buy” rating and a $38.00 target price for the company. They noted that the move was a valuation call. Jefferies Financial Group assumed coverage on Comcast in a report on Thursday, June 7th. They set a “buy” rating and a $41.00 target price for the company. TD Securities reduced their target price on Comcast from $51.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, April 26th. Finally, Scotiabank reaffirmed a “buy” rating and set a $46.00 target price on shares of Comcast in a report on Friday, April 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have assigned a buy rating to the company. Comcast has an average rating of “Buy” and a consensus price target of $45.79.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 26th. The cable giant reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.04. The firm had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.85 billion. Comcast had a return on equity of 15.92% and a net margin of 27.42%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 EPS. research analysts forecast that Comcast Co. will post 2.54 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 24th. Investors of record on Wednesday, October 3rd will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Tuesday, October 2nd. Comcast’s dividend payout ratio is currently 36.89%.
In related news, SVP Daniel C. Murdock sold 1,694 shares of the stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $31.05, for a total value of $52,598.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.31% of the stock is currently owned by corporate insiders.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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