Comcast Corporation $CMCSA Stock Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 866,772 shares of the cable giant’s stock after selling 24,682 shares during the period. Commonwealth Equity Services LLC’s holdings in Comcast were worth $18,861,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CMCSA. Costello Asset Management INC raised its position in shares of Comcast by 32.8% during the 3rd quarter. Costello Asset Management INC now owns 4,973 shares of the cable giant’s stock valued at $108,000 after acquiring an additional 1,228 shares during the last quarter. Bfsg LLC lifted its stake in shares of Comcast by 9.2% in the 3rd quarter. Bfsg LLC now owns 16,206 shares of the cable giant’s stock valued at $353,000 after purchasing an additional 1,369 shares during the period. Chicago Partners Investment Group LLC boosted its position in shares of Comcast by 12.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 24,772 shares of the cable giant’s stock worth $562,000 after purchasing an additional 2,778 shares during the last quarter. Smallwood Wealth Investment Management LLC boosted its position in shares of Comcast by 6.7% in the 3rd quarter. Smallwood Wealth Investment Management LLC now owns 7,375 shares of the cable giant’s stock worth $160,000 after purchasing an additional 460 shares during the last quarter. Finally, Covestor Ltd boosted its position in shares of Comcast by 19.6% in the 3rd quarter. Covestor Ltd now owns 7,254 shares of the cable giant’s stock worth $158,000 after purchasing an additional 1,191 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the subject of a number of analyst reports. Royal Bank Of Canada set a $26.00 price objective on Comcast and gave the stock a “sector perform” rating in a research note on Friday, July 24th. TD Cowen cut their target price on Comcast from $39.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, October 23rd. Sanford C. Bernstein restated a “market perform” rating and set a $23.00 target price on shares of Comcast in a report on Tuesday, October 13th. Freedom Broker decreased their target price on Comcast from $29.00 to $25.00 and set a “hold” rating for the company in a research report on Monday, October 26th. Finally, Scotiabank lowered their price target on Comcast from $29.00 to $27.50 and set a “sector perform” rating for the company in a research note on Friday, October 2nd. Ten equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and six have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $28.77.

Comcast Trading Up 1.0%

Shares of NASDAQ CMCSA opened at $24.75 on Wednesday. The company’s fifty day moving average is $23.05 and its 200-day moving average is $25.95. The stock has a market cap of $87.89 billion, a price-to-earnings ratio of 7.83, a P/E/G ratio of 1.73 and a beta of 0.72. Comcast Corporation has a twelve month low of $20.48 and a twelve month high of $32.85. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.91.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 22nd. The cable giant reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.08. Comcast had a net margin of 9.20% and a return on equity of 14.64%. The company had revenue of $29.30 billion during the quarter, compared to analyst estimates of $29.22 billion. During the same quarter in the previous year, the business earned $1.12 EPS. The firm’s revenue was down 6.1% on a year-over-year basis. Equities research analysts predict that Comcast Corporation will post 3.54 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 27th. Shareholders of record on Wednesday, January 6th will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, January 6th. This represents a $1.32 annualized dividend and a yield of 5.3%. Comcast’s payout ratio is currently 41.77%.

Comcast Profile

Comcast Corporation is a media and telecommunications company whose businesses include broadband, cable television, wireless and voice services, as well as entertainment, news and theme parks. Its Xfinity brand offers residential and business connectivity and entertainment services in the United States. Through NBCUniversal, Comcast operates the NBC broadcast network, cable channels, the Peacock streaming service, Universal Pictures and Universal theme parks. The company also owns Sky, which provides television, broadband and related services in the United Kingdom and other European markets.