WD Rutherford LLC Has $1.96 Million Position in Comcast Co. (NASDAQ:CMCSA)

WD Rutherford LLC reduced its stake in Comcast Co. (NASDAQ:CMCSA) by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,071 shares of the cable giant’s stock after selling 998 shares during the period. WD Rutherford LLC’s holdings in Comcast were worth $1,961,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. AMG National Trust Bank lifted its position in Comcast by 1.2% during the second quarter. AMG National Trust Bank now owns 106,428 shares of the cable giant’s stock worth $4,168,000 after purchasing an additional 1,226 shares during the period. Optas LLC lifted its position in Comcast by 11.0% during the second quarter. Optas LLC now owns 13,177 shares of the cable giant’s stock worth $516,000 after purchasing an additional 1,303 shares during the period. Clear Creek Financial Management LLC lifted its position in Comcast by 21.7% during the second quarter. Clear Creek Financial Management LLC now owns 9,702 shares of the cable giant’s stock worth $380,000 after purchasing an additional 1,727 shares during the period. Fullcircle Wealth LLC bought a new stake in Comcast during the second quarter worth about $1,679,000. Finally, RFP Financial Group LLC lifted its holdings in shares of Comcast by 6.6% in the second quarter. RFP Financial Group LLC now owns 10,216 shares of the cable giant’s stock worth $400,000 after acquiring an additional 631 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CMCSA shares. Barclays dropped their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Citigroup dropped their target price on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a report on Monday, April 29th. Macquarie reiterated a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a report on Wednesday, July 24th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.78.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded up $0.41 during mid-day trading on Friday, reaching $39.82. 11,682,156 shares of the company’s stock were exchanged, compared to its average volume of 20,081,695. The firm has a market capitalization of $156.24 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.30. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a 50-day moving average price of $38.90 and a two-hundred day moving average price of $39.97.

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

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s payout ratio is 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.