High Falls Advisors Inc Lowers Stock Position in Comcast Co. (NASDAQ:CMCSA)

High Falls Advisors Inc trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,713 shares of the cable giant’s stock after selling 265 shares during the period. High Falls Advisors Inc’s holdings in Comcast were worth $291,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Luken Investment Analytics LLC lifted its holdings in Comcast by 258.0% during the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock valued at $25,000 after purchasing an additional 418 shares in the last quarter. Steph & Co. raised its position in shares of Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after buying an additional 371 shares during the last quarter. OLD Point Trust & Financial Services N A acquired a new stake in shares of Comcast in the fourth quarter valued at about $28,000. Pineridge Advisors LLC acquired a new stake in shares of Comcast in the fourth quarter valued at about $32,000. Finally, Financial Synergies Wealth Advisors Inc. raised its position in shares of Comcast by 336.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock valued at $33,000 after buying an additional 593 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Wells Fargo & Company cut their price objective on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. The Goldman Sachs Group began coverage on shares of Comcast in a research report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective for the company. Oppenheimer restated an “outperform” rating and set a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. Finally, Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Comcast presently has an average rating of “Hold” and a consensus target price of $46.01.

Insiders Place Their Bets

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the sale, the insider now owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.26% of the stock is owned by corporate insiders.

Comcast Stock Up 0.3 %

Comcast stock traded up $0.13 during trading on Tuesday, reaching $40.81. The stock had a trading volume of 25,221,401 shares, compared to its average volume of 20,572,496. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46. The business has a 50 day moving average price of $38.60 and a 200 day moving average price of $40.59. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The stock has a market cap of $160.12 billion, a PE ratio of 10.80, a P/E/G ratio of 1.05 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. During the same quarter in the previous year, the firm earned $1.13 earnings per share. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. On average, analysts predict that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 3.04%. Comcast’s payout ratio is currently 32.80%.

About Comcast

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.