Anchor Capital Advisors LLC Sells 6,234 Shares of Comcast Corporation $CMCSA

Anchor Capital Advisors LLC lessened its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 335,304 shares of the cable giant’s stock after selling 6,234 shares during the period. Anchor Capital Advisors LLC’s holdings in Comcast were worth $11,967,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CMCSA. QRG Capital Management Inc. raised its stake in Comcast by 13.0% in the second quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock worth $25,867,000 after buying an additional 83,631 shares in the last quarter. Advisor OS LLC grew its holdings in Comcast by 33.2% in the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock worth $1,308,000 after purchasing an additional 8,841 shares during the last quarter. Aberdeen Group plc grew its holdings in Comcast by 5.4% in the second quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock worth $103,142,000 after purchasing an additional 147,231 shares during the last quarter. Resona Asset Management Co. Ltd. grew its holdings in Comcast by 10.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock worth $47,254,000 after purchasing an additional 118,839 shares during the last quarter. Finally, Davidson Investment Advisors grew its holdings in Comcast by 37.4% in the second quarter. Davidson Investment Advisors now owns 457,691 shares of the cable giant’s stock worth $16,335,000 after purchasing an additional 124,484 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Evercore ISI cut their price target on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Oppenheimer set a $38.00 price target on shares of Comcast in a report on Tuesday. Morgan Stanley cut their price target on shares of Comcast from $35.00 to $32.00 and set an “equal weight” rating on the stock in a report on Friday, October 31st. JPMorgan Chase & Co. cut their price target on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Finally, Rosenblatt Securities cut their price target on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, October 17th. Ten research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $36.29.

Comcast Price Performance

Shares of CMCSA opened at $27.94 on Thursday. The firm has a market capitalization of $103.16 billion, a PE ratio of 4.65, a price-to-earnings-growth ratio of 1.77 and a beta of 0.92. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $45.22. The company’s fifty day moving average price is $31.02 and its 200-day moving average price is $33.18.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The firm had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. On average, equities research analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a yield of 4.7%. Comcast’s payout ratio is currently 21.96%.

Comcast 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.