Comcast Co. (NASDAQ:CMCSA) Stock Holdings Reduced by Harbour Investments Inc.

Harbour Investments Inc. lowered its position in Comcast Co. (NASDAQ:CMCSA) by 2.7% during the second quarter, HoldingsChannel.com reports. The firm owned 22,768 shares of the cable giant’s stock after selling 641 shares during the quarter. Harbour Investments Inc.’s holdings in Comcast were worth $892,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Comcast by 16.8% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 86,470 shares of the cable giant’s stock worth $3,386,000 after buying an additional 12,436 shares during the last quarter. AustralianSuper Pty Ltd lifted its position in shares of Comcast by 199.1% in the second quarter. AustralianSuper Pty Ltd now owns 748,681 shares of the cable giant’s stock worth $29,318,000 after buying an additional 498,367 shares during the last quarter. Wealth Advisory Solutions LLC acquired a new stake in shares of Comcast in the second quarter worth about $244,000. Latitude Advisors LLC lifted its position in shares of Comcast by 6.3% in the second quarter. Latitude Advisors LLC now owns 9,002 shares of the cable giant’s stock worth $353,000 after buying an additional 531 shares during the last quarter. Finally, Pioneer Trust Bank N A OR lifted its position in shares of Comcast by 1.4% during the 2nd quarter. Pioneer Trust Bank N A OR now owns 150,544 shares of the cable giant’s stock worth $5,895,000 after purchasing an additional 2,060 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CMCSA shares. Seaport Res Ptn cut Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective on the stock. in a research note on Tuesday, June 11th. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. Evercore ISI lowered their price objective on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Finally, Macquarie reiterated a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Comcast has a consensus rating of “Hold” and an average target price of $45.78.

Comcast Trading Down 0.3 %

Shares of CMCSA stock traded down $0.14 during trading hours on Wednesday, reaching $40.10. The company had a trading volume of 3,711,502 shares, compared to its average volume of 19,888,391. The company has a 50 day moving average of $38.96 and a 200 day moving average of $39.96. 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 market cap of $157.34 billion, a price-to-earnings ratio of 10.65, a P/E/G ratio of 1.07 and a beta of 1.00. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.30.

Comcast (NASDAQ:CMCSA) last posted 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. The company had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.13 EPS. On average, equities research analysts anticipate 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. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s payout ratio is presently 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.