Traphagen Investment Advisors LLC Has $317,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Traphagen Investment Advisors LLC lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 17.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,093 shares of the cable giant’s stock after selling 1,655 shares during the quarter. Traphagen Investment Advisors LLC’s holdings in Comcast were worth $317,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Norges Bank bought a new position in shares of Comcast in the fourth quarter worth about $2,542,988,000. Capital World Investors boosted its position in Comcast by 17.0% in the 4th quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock valued at $4,725,926,000 after buying an additional 15,625,543 shares during the last quarter. Ontario Teachers Pension Plan Board raised its position in shares of Comcast by 25,881.7% during the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock worth $470,391,000 after acquiring an additional 10,809,231 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Comcast by 41.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after acquiring an additional 8,243,302 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in Comcast by 80.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock worth $457,007,000 after purchasing an additional 4,714,586 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Down 1.3 %

Shares of CMCSA traded down $0.53 during mid-day trading on Thursday, reaching $39.41. 9,213,276 shares of the company were exchanged, compared to its average volume of 20,134,813. The stock has a market capitalization of $154.63 billion, a PE ratio of 10.51, a PEG ratio of 1.07 and a beta of 1.00. The business has a 50 day simple moving average of $38.82 and a two-hundred day simple moving average of $40.06. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.30.

Comcast (NASDAQ:CMCSA) last released its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. The business had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm’s revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.13 earnings per share. On average, analysts predict that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be paid a $0.31 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 3.15%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CMCSA. Scotiabank lowered their price target on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday, April 26th. KeyCorp reduced their target price on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Barclays cut their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. Seaport Res Ptn cut Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $45.78.

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.