Astoria Portfolio Advisors LLC. Decreases Position in Comcast Corporation $CMCSA

Astoria Portfolio Advisors LLC. decreased its stake in Comcast Corporation (NASDAQ:CMCSA) by 21.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,373 shares of the cable giant’s stock after selling 3,746 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in Comcast were worth $473,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Brighton Jones LLC grew its position in shares of Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after buying an additional 99,986 shares in the last quarter. Krilogy Financial LLC lifted its holdings in Comcast by 4.5% during the 1st quarter. Krilogy Financial LLC now owns 17,874 shares of the cable giant’s stock worth $660,000 after buying an additional 767 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Comcast by 19.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 883,677 shares of the cable giant’s stock worth $32,608,000 after buying an additional 143,593 shares during the last quarter. Hennessy Advisors Inc. lifted its holdings in Comcast by 31.1% during the 1st quarter. Hennessy Advisors Inc. now owns 149,600 shares of the cable giant’s stock worth $5,520,000 after buying an additional 35,500 shares during the last quarter. Finally, Grant Private Wealth Management Inc lifted its holdings in Comcast by 19.2% during the 1st quarter. Grant Private Wealth Management Inc now owns 8,491 shares of the cable giant’s stock worth $313,000 after buying an additional 1,368 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $29.46 on Monday. Comcast Corporation has a fifty-two week low of $29.42 and a fifty-two week high of $45.31. The business has a 50-day moving average of $32.48 and a two-hundred day moving average of $33.90. The stock has a market capitalization of $108.77 billion, a P/E ratio of 4.87, a P/E/G ratio of 1.74 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company had revenue of $30.34 billion during the quarter. On average, equities research analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s payout ratio is currently 21.82%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Arete Research upgraded Comcast to a “hold” rating in a research report on Tuesday, July 8th. Barclays lowered their target price on Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Rothschild & Co Redburn lowered their target price on Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Morgan Stanley set a $35.00 price target on Comcast and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Finally, Citigroup reaffirmed a “buy” rating on shares of Comcast in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $39.94.

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.