Comcast Corporation $CMCSA Shares Sold by Syon Capital LLC

Syon Capital LLC lessened its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 66.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,043 shares of the cable giant’s stock after selling 31,513 shares during the quarter. Syon Capital LLC’s holdings in Comcast were worth $394,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CMCSA. denkapparat Operations GmbH grew its holdings in shares of Comcast by 19.3% during the second quarter. denkapparat Operations GmbH now owns 85,844 shares of the cable giant’s stock worth $2,107,000 after purchasing an additional 13,872 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of Comcast by 108.8% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 223,089 shares of the cable giant’s stock valued at $5,477,000 after purchasing an additional 116,224 shares during the period. NEOS Investment Management LLC grew its stake in Comcast by 9.6% during the 2nd quarter. NEOS Investment Management LLC now owns 2,740,535 shares of the cable giant’s stock worth $66,376,000 after buying an additional 240,763 shares during the last quarter. Continuum Advisory LLC grew its stake in Comcast by 55.1% during the 2nd quarter. Continuum Advisory LLC now owns 13,775 shares of the cable giant’s stock worth $338,000 after buying an additional 4,892 shares during the last quarter. Finally, Safeguard Investment Advisory Group LLC acquired a new position in Comcast during the second quarter worth approximately $229,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Seaport Research Partners raised Comcast from a “neutral” rating to a “buy” rating in a report on Thursday, July 2nd. Freedom Capital upgraded shares of Comcast to a “hold” rating in a research report on Friday, June 12th. Deutsche Bank Aktiengesellschaft upgraded shares of Comcast from a “hold” rating to a “buy” rating and decreased their price target for the stock from $34.00 to $32.00 in a research note on Tuesday, June 30th. Barclays set a $26.00 price objective on shares of Comcast and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Finally, Wells Fargo & Company set a $23.00 price objective on shares of Comcast and gave the company an “underweight” rating in a research note on Friday, July 24th. Eleven research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $32.96.

Comcast Price Performance

Comcast stock opened at $26.33 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. The business has a 50 day simple moving average of $24.94 and a 200-day simple moving average of $26.38. Comcast Corporation has a 12 month low of $21.28 and a 12 month high of $34.04. The stock has a market capitalization of $93.44 billion, a PE ratio of 8.52, a price-to-earnings-growth ratio of 1.88 and a beta of 0.68.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $29.94 billion for the quarter, compared to analyst estimates of $29.24 billion. Comcast had a net margin of 8.97% and a return on equity of 14.77%. Comcast’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the firm posted $1.25 EPS. Equities analysts predict that Comcast Corporation will post 3.52 earnings per share for the current year.

Comcast Announces Dividend

The company also recently declared 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 yield of 5.0%. The ex-dividend date of this dividend is Wednesday, October 7th. Comcast’s dividend payout ratio is currently 42.72%.

Comcast Profile

Comcast Corporation (NASDAQ:CMCSA) is a global media and technology company that provides broadband, wireless, video, voice and related services to residential and business customers. Through its connectivity businesses, Comcast offers internet access, mobile service, pay television, telephone service, and home security and automation products, primarily under the Xfinity brand in the United States.

Comcast also operates a broad portfolio of entertainment and media businesses. NBCUniversal includes the NBC and Telemundo broadcast networks, cable networks, film and television studios, the Peacock streaming service, and a collection of theme parks.