Anchor Capital Advisors LLC Acquires 1,366 Shares of Comcast Co. (NASDAQ:CMCSA)

Anchor Capital Advisors LLC boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 0.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 363,478 shares of the cable giant’s stock after purchasing an additional 1,366 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Comcast were worth $14,234,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Custom Index Systems LLC boosted its holdings in shares of Comcast by 27.6% during the 2nd quarter. Custom Index Systems LLC now owns 10,794 shares of the cable giant’s stock valued at $423,000 after purchasing an additional 2,337 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Comcast by 348.6% during the second quarter. Acadian Asset Management LLC now owns 481,001 shares of the cable giant’s stock valued at $18,832,000 after buying an additional 373,779 shares during the last quarter. Chris Bulman Inc bought a new position in Comcast during the second quarter valued at approximately $108,000. Strategic Financial Concepts LLC purchased a new position in Comcast during the 2nd quarter valued at approximately $27,000. Finally, Parcion Private Wealth LLC increased its stake in Comcast by 10.3% in the 2nd quarter. Parcion Private Wealth LLC now owns 98,086 shares of the cable giant’s stock worth $3,841,000 after acquiring an additional 9,155 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Down 0.5 %

NASDAQ:CMCSA opened at $39.61 on Friday. The stock has a fifty day simple moving average of $39.24 and a 200-day simple moving average of $39.83. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The company has a market cap of $155.41 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 1.05 and a beta of 1.01. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11.

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, beating analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $29.69 billion during the quarter, compared to analyst estimates 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 quarter last year, the business posted $1.13 EPS. Analysts anticipate that Comcast Co. will post 4.23 EPS for the current year.

Comcast Dividend Announcement

The company 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 $0.31 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.13%. Comcast’s dividend payout ratio (DPR) is currently 32.80%.

Analyst Ratings Changes

A number of research firms have recently commented on CMCSA. Pivotal Research lowered their target price on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. The Goldman Sachs Group began coverage on shares of Comcast in a research report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective for the company. Macquarie restated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a report on Wednesday, July 24th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday, July 24th. Finally, Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently 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.