Comcast Co. (NASDAQ:CMCSA) Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 2.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,200 shares of the cable giant’s stock after selling 2,500 shares during the period. Hennessy Advisors Inc.’s holdings in Comcast were worth $4,629,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on CMCSA. Rosenblatt Securities restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Barclays reduced 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. The Goldman Sachs Group initiated coverage on Comcast in a report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 target price on the stock. Finally, KeyCorp decreased their target price on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $45.78.

Comcast Trading Up 0.4 %

Shares of Comcast stock opened at $39.55 on Friday. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.30. The company has a market capitalization of $155.18 billion, a price-to-earnings ratio of 10.43, a P/E/G ratio of 1.07 and a beta of 1.00. The business has a fifty day simple moving average of $38.86 and a two-hundred day simple moving average of $40.05. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66.

Comcast (NASDAQ:CMCSA) last issued 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 company 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 business’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 earnings per share. Research analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio is currently 32.80%.

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.