Comcast Co. (NASDAQ:CMCSA) Position Trimmed by Carnegie Capital Asset Management LLC

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Carnegie Capital Asset Management LLC lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,655 shares of the cable giant’s stock after selling 2,932 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Comcast were worth $9,185,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CMCSA. Efficient Wealth Management LLC purchased a new position in Comcast during the 1st quarter valued at about $25,000. Capital Wealth Alliance LLC purchased a new position in Comcast during the 4th quarter valued at about $30,000. TFG Advisers LLC purchased a new position in Comcast during the 4th quarter valued at about $32,000. Filbrandt Wealth Management LLC purchased a new position in Comcast during the 4th quarter valued at about $34,000. Finally, PSI Advisors LLC purchased a new position in Comcast during the 4th quarter valued at about $36,000. 83.23% of the stock is currently owned by institutional investors.

Shares of CMCSA traded down $0.52 on Thursday, reaching $39.22. 4,975,789 shares of the stock traded hands, compared to its average volume of 21,157,786. The firm has a market cap of $179.87 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 1.79 and a beta of 0.97. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.87 and a quick ratio of 0.87. Comcast Co. has a 12 month low of $31.70 and a 12 month high of $47.74. The stock’s 50-day moving average price is $39.69 and its 200-day moving average price is $40.52.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 30th. The cable giant reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $26.61 billion for the quarter, compared to analysts’ expectations of $26.71 billion. Comcast had a return on equity of 17.56% and a net margin of 10.72%. Comcast’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 earnings per share. As a group, equities research analysts forecast that Comcast Co. will post 2.38 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Tuesday, June 30th. Comcast’s dividend payout ratio is presently 29.39%.

Several equities research analysts have recently issued reports on CMCSA shares. SunTrust Banks reduced their price target on Comcast from $53.00 to $45.00 and set a “buy” rating for the company in a report on Friday, April 3rd. Sanford C. Bernstein upgraded Comcast from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $48.00 to $52.00 in a report on Wednesday, July 1st. Pivotal Research reiterated a “buy” rating and set a $48.00 price target on shares of Comcast in a report on Thursday, April 30th. KeyCorp reduced their price target on Comcast from $50.00 to $46.00 and set an “overweight” rating for the company in a report on Thursday, March 12th. Finally, BidaskClub upgraded Comcast from a “sell” rating to a “hold” rating in a report on Friday, May 22nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $48.08.

In other Comcast news, CAO Daniel C. Murdock sold 919 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $37.53, for a total value of $34,490.07. Following the sale, the chief accounting officer now directly owns 2,654 shares in the company, valued at $99,604.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Daniel C. Murdock sold 4,536 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $38.60, for a total value of $175,089.60. Following the completion of the sale, the chief accounting officer now owns 10,085 shares in the company, valued at $389,281. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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