Round Rock Advisors LLC Sells 813 Shares of Comcast Co. (NASDAQ:CMCSA)

Round Rock Advisors LLC cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,342 shares of the cable giant’s stock after selling 813 shares during the quarter. Round Rock Advisors LLC’s holdings in Comcast were worth $1,977,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CMCSA. Duality Advisers LP bought a new stake in Comcast in the 1st quarter valued at about $436,000. Atomi Financial Group Inc. increased its holdings in shares of Comcast by 87.4% during the first quarter. Atomi Financial Group Inc. now owns 29,914 shares of the cable giant’s stock valued at $1,297,000 after acquiring an additional 13,951 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Comcast by 3.7% during the first quarter. Concurrent Investment Advisors LLC now owns 51,959 shares of the cable giant’s stock valued at $2,252,000 after acquiring an additional 1,872 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Comcast by 1.8% in the 1st quarter. Sei Investments Co. now owns 2,167,896 shares of the cable giant’s stock worth $93,976,000 after purchasing an additional 38,888 shares in the last quarter. Finally, Meeder Advisory Services Inc. lifted its holdings in shares of Comcast by 0.6% in the 1st quarter. Meeder Advisory Services Inc. now owns 75,868 shares of the cable giant’s stock worth $3,289,000 after purchasing an additional 459 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Down 0.6 %

NASDAQ:CMCSA opened at $43.91 on Friday. The firm’s 50 day moving average is $41.18 and its 200 day moving average is $39.71. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The stock has a market capitalization of $168.02 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 1.71 and a beta of 1.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the prior year, the company earned $1.08 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Sell-side analysts expect that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CMCSA shares. Pivotal Research boosted their price target on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Benchmark reissued a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, October 30th. Finally, KeyCorp lifted their target price on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $46.75.

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.