SPC Financial Inc. Sells 3,597 Shares of Comcast Corporation $CMCSA

SPC Financial Inc. lowered its holdings in Comcast Corporation (NASDAQ:CMCSA) by 34.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,716 shares of the cable giant’s stock after selling 3,597 shares during the period. SPC Financial Inc.’s holdings in Comcast were worth $240,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. OFI Invest Asset Management boosted its holdings in Comcast by 15.3% in the 2nd quarter. OFI Invest Asset Management now owns 3,244 shares of the cable giant’s stock valued at $116,000 after purchasing an additional 431 shares during the period. Means Investment CO. Inc. boosted its holdings in Comcast by 6.2% in the 2nd quarter. Means Investment CO. Inc. now owns 12,204 shares of the cable giant’s stock valued at $436,000 after purchasing an additional 713 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Comcast by 8.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 451,578 shares of the cable giant’s stock worth $16,117,000 after acquiring an additional 34,406 shares during the period. Concurrent Investment Advisors LLC lifted its holdings in shares of Comcast by 13.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 93,045 shares of the cable giant’s stock worth $3,321,000 after acquiring an additional 10,684 shares during the period. Finally, Matrix Asset Advisors Inc. NY lifted its holdings in shares of Comcast by 13.0% during the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 822,810 shares of the cable giant’s stock worth $29,366,000 after acquiring an additional 94,769 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $29.46 on Monday. The company has a market cap of $108.77 billion, a price-to-earnings ratio of 4.87, a PEG 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. The firm has a 50 day simple moving average of $32.48 and a 200 day simple moving average of $33.90. Comcast Corporation has a one year low of $29.42 and a one year high of $45.31.

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

Comcast Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CMCSA. Scotiabank reaffirmed a “sector perform” rating and set a $45.50 price target (up previously from $45.00) on shares of Comcast in a report on Monday, October 6th. Barclays cut their price target on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Benchmark reaffirmed a “buy” rating on shares of Comcast in a report on Friday, July 18th. Citigroup reaffirmed a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Finally, Sanford C. Bernstein cut their price target on shares of Comcast from $37.00 to $36.00 and set a “market perform” rating for the company in a report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.