Alpine Woods Capital Investors LLC Has $500,000 Position in Comcast Corporation $CMCSA

Key Points

• Alpine Woods Capital Investors LLC decreased its stake in Comcast by 47.6%, now holding shares worth approximately $500,000.
• Comcast recently announced a quarterly dividend of $0.33 per share, resulting in an annualized dividend of $1.32 and a yield of 4.5%.
• Comcast's current stock price is around $29.41, with a market cap of $108.59 billion and an average analyst rating of "Hold".

Alpine Woods Capital Investors LLC lowered its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 47.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 14,020 shares of the cable giant's stock after selling 12,751 shares during the period. Alpine Woods Capital Investors LLC's holdings in Comcast were worth $500,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Inlight Wealth Management LLC bought a new stake in Comcast in the first quarter valued at about $26,000. Cranbrook Wealth Management LLC increased its stake in Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant's stock valued at $27,000 after acquiring an additional 350 shares during the period. Global Trust Asset Management LLC increased its stake in Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant's stock valued at $27,000 after acquiring an additional 671 shares during the period. Abound Financial LLC bought a new stake in Comcast in the first quarter valued at about $29,000. Finally, Ransom Advisory Ltd bought a new stake in Comcast in the first quarter valued at about $29,000. Institutional investors own 84.32% of the company's stock.

Comcast Price Performance

CMCSA opened at $29.41 on Tuesday. Comcast Corporation has a one year low of $29.39 and a one year high of $45.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The company's 50 day simple moving average is $32.42 and its 200-day simple moving average is $33.85. The stock has a market capitalization of $108.59 billion, a P/E ratio of 4.86, a price-to-earnings-growth ratio of 1.74 and a beta of 0.94.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business had revenue of $30.34 billion for the quarter. Sell-side analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's dividend payout ratio is 21.82%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CMCSA shares. Sanford C. Bernstein decreased their price objective on shares of Comcast from $37.00 to $36.00 and set a "market perform" rating on the stock in a research note on Wednesday, September 10th. Scotiabank reaffirmed a "sector perform" rating and set a $45.50 price objective (up from $45.00) on shares of Comcast in a research note on Monday, October 6th. Arete Research raised shares of Comcast to a "hold" rating in a research note on Tuesday, July 8th. Rothschild & Co Redburn decreased their price objective on shares of Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Finally, Rosenblatt Securities upped their price objective on shares of Comcast from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Comcast currently has an average rating of "Hold" and an average price target of $39.94.

About Comcast

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.