Patriot Financial Group Insurance Agency LLC Has $3.41 Million Stock Holdings in Comcast Corporation $CMCSA

Patriot Financial Group Insurance Agency LLC decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 49.4% in the second quarter, Holdings Channel.com reports. The firm owned 138,788 shares of the cable giant’s stock after selling 135,608 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Comcast were worth $3,409,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Beacon Financial Group increased its position in Comcast by 6.2% in the 2nd quarter. Beacon Financial Group now owns 36,709 shares of the cable giant’s stock worth $901,000 after purchasing an additional 2,147 shares during the last quarter. CHICAGO TRUST Co NA lifted its holdings in shares of Comcast by 22.1% during the 2nd quarter. CHICAGO TRUST Co NA now owns 54,987 shares of the cable giant’s stock valued at $1,350,000 after buying an additional 9,964 shares during the last quarter. Hengehold Capital Management LLC lifted its holdings in shares of Comcast by 12.2% during the 2nd quarter. Hengehold Capital Management LLC now owns 88,382 shares of the cable giant’s stock valued at $2,170,000 after buying an additional 9,615 shares during the last quarter. HBW Advisory Services LLC grew its stake in shares of Comcast by 1.4% in the 2nd quarter. HBW Advisory Services LLC now owns 81,770 shares of the cable giant’s stock valued at $2,007,000 after buying an additional 1,105 shares in the last quarter. Finally, Davis Capital Management grew its stake in shares of Comcast by 2,856.5% in the 2nd quarter. Davis Capital Management now owns 4,080 shares of the cable giant’s stock valued at $100,000 after buying an additional 3,942 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CMCSA. Weiss Ratings lowered shares of Comcast from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. The Goldman Sachs Group decreased their target price on shares of Comcast from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, July 2nd. Citigroup dropped their price target on shares of Comcast from $35.50 to $32.00 and set a “buy” rating on the stock in a research note on Monday, June 29th. Freedom Capital upgraded shares of Comcast to a “hold” rating in a report on Friday, June 12th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Comcast from a “hold” rating to a “buy” rating and reduced their price objective for the company from $34.00 to $32.00 in a research note on Tuesday, June 30th. Eleven research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $32.96.

Comcast Stock Up 2.8%

Shares of CMCSA stock opened at $26.18 on Friday. The stock’s 50 day simple moving average is $23.80 and its 200 day simple moving average is $26.90. Comcast Corporation has a twelve month low of $21.28 and a twelve month high of $34.45. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $92.90 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 1.45 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The firm had revenue of $29.94 billion during the quarter, compared to analysts’ expectations of $29.24 billion. During the same quarter in the prior year, the business earned $1.25 earnings per share. The company’s revenue was down 1.2% on a year-over-year basis. As a group, research analysts predict that Comcast Corporation will post 3.52 EPS for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, October 7th. Comcast’s dividend payout ratio is currently 42.72%.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.