LS Investment Advisors LLC Has $283,000 Stake in Comcast Co. (NASDAQ:CMCSA)

LS Investment Advisors LLC reduced its holdings in Comcast Co. (NASDAQ:CMCSA) by 12.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,232 shares of the cable giant’s stock after selling 1,000 shares during the quarter. LS Investment Advisors LLC’s holdings in Comcast were worth $283,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Luken Investment Analytics LLC increased its holdings in shares of Comcast by 258.0% during the 1st quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock worth $25,000 after purchasing an additional 418 shares during the period. Steph & Co. lifted its position in shares of Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after acquiring an additional 371 shares during the period. OLD Point Trust & Financial Services N A acquired a new stake in shares of Comcast during the 4th quarter worth approximately $28,000. IAG Wealth Partners LLC increased its position in shares of Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares during the period. Finally, Pineridge Advisors LLC bought a new position in Comcast in the fourth quarter worth $32,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Down 0.0 %

NASDAQ:CMCSA traded down $0.01 on Tuesday, reaching $40.24. The company’s stock had a trading volume of 13,067,135 shares, compared to its average volume of 19,986,416. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.30. The business’s 50-day moving average price is $38.96 and its two-hundred day moving average price is $39.96. The firm has a market cap of $157.89 billion, a PE ratio of 10.65, a PEG ratio of 1.07 and a beta of 1.00. 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 (NASDAQ:CMCSA) last announced its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, beating 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 firm had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. During the same quarter in the previous year, the firm posted $1.13 earnings per share. The business’s revenue was down 2.7% on a year-over-year basis. Equities research analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current fiscal 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 $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.08%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of Comcast in a report on Monday, May 13th. Seaport Res Ptn cut Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. Pivotal Research cut their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Barclays lowered their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. One 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.