Gilbert & Cook Inc. Reduces Holdings in Comcast Co. (NASDAQ:CMCSA)

Gilbert & Cook Inc. lowered its position in Comcast Co. (NASDAQ:CMCSA) by 2.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 14,985 shares of the cable giant’s stock after selling 388 shares during the period. Gilbert & Cook Inc.’s holdings in Comcast were worth $587,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. Luken Investment Analytics LLC increased its holdings in shares of Comcast by 258.0% in the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock valued at $25,000 after purchasing an additional 418 shares during the last quarter. Steph & Co. increased its stake 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 last quarter. OLD Point Trust & Financial Services N A acquired a new position in shares of Comcast during the 4th quarter valued at about $28,000. IAG Wealth Partners LLC grew its holdings in shares of Comcast by 204.7% in 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 acquired a new stake in Comcast during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA traded up $0.11 on Monday, reaching $39.57. The stock had a trading volume of 25,874,900 shares, compared to its average volume of 19,985,014. The firm has a 50-day moving average of $39.14 and a 200 day moving average of $39.89. The firm has a market capitalization of $153.23 billion, a PE ratio of 10.47, a PEG ratio of 1.05 and a beta of 1.00. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.30. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. The firm 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 revenue for the quarter was down 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.13 EPS. Sell-side analysts expect that Comcast Co. will post 4.23 EPS for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a dividend yield of 3.13%. Comcast’s dividend payout ratio is presently 32.80%.

Analyst Ratings Changes

CMCSA has been the subject of several recent analyst reports. Evercore ISI cut their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock 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 for the company in a research note on Thursday, July 25th. Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of Comcast in a research note on Monday, May 13th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $45.78.

Comcast Company 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.