Geneos Wealth Management Inc. Sells 13,219 Shares of Comcast Co. (NASDAQ:CMCSA)

Geneos Wealth Management Inc. cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 11.5% during the second quarter, Holdings Channel.com reports. The firm owned 101,466 shares of the cable giant’s stock after selling 13,219 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Comcast were worth $3,973,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CMCSA. Beaumont Asset Management L.L.C. lifted its position in shares of Comcast by 1.6% during the 4th quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock valued at $620,000 after acquiring an additional 226 shares during the period. Bollard Group LLC increased its stake in Comcast by 0.7% in the fourth quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock valued at $1,622,000 after purchasing an additional 244 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in shares of Comcast by 4.5% during the fourth quarter. Tortoise Investment Management LLC now owns 5,801 shares of the cable giant’s stock valued at $254,000 after purchasing an additional 249 shares during the period. Laraway Financial Advisors Inc boosted its position in shares of Comcast by 1.9% during the 4th quarter. Laraway Financial Advisors Inc now owns 13,150 shares of the cable giant’s stock worth $577,000 after purchasing an additional 250 shares in the last quarter. Finally, HHM Wealth Advisors LLC grew its stake in shares of Comcast by 15.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 1,975 shares of the cable giant’s stock valued at $87,000 after buying an additional 262 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ:CMCSA traded up $0.31 during trading on Friday, reaching $39.72. The company’s stock had a trading volume of 872,267 shares, compared to its average volume of 20,016,941. The firm has a market cap of $155.85 billion, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.30. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a 50 day moving average of $38.86 and a 200-day moving average of $40.05.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data 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. The business had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.13 earnings per share. Research analysts expect that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.12%. Comcast’s payout ratio is 32.80%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CMCSA shares. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft reduced their price target 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. Citigroup lowered their price objective on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Pivotal Research reduced their price objective on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, Scotiabank lowered their target price on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Comcast presently has a consensus 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.