Comcast Corporation $CMCSA Shares Sold by Duncan Williams Asset Management LLC

Key Points

• Duncan Williams Asset Management LLC significantly reduced its position in Comcast by 74% during the second quarter, owning only 7,391 shares post-sale.
• Comcast's stock has received mixed ratings from analysts, with a consensus price target of $40.06 and various ratings ranging from "Strong Buy" to "Sell."
• The company recently announced a quarterly dividend of $0.33 per share, providing an annual yield of 4.2% for investors.

Duncan Williams Asset Management LLC lowered its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 74.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,391 shares of the cable giant's stock after selling 21,068 shares during the quarter. Duncan Williams Asset Management LLC's holdings in Comcast were worth $264,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. QRG Capital Management Inc. increased its holdings in shares of Comcast by 13.0% during the 2nd quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant's stock worth $25,867,000 after buying an additional 83,631 shares during the last quarter. Advisor OS LLC increased its stake in Comcast by 33.2% during the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant's stock worth $1,308,000 after acquiring an additional 8,841 shares during the last quarter. Resona Asset Management Co. Ltd. raised its position in Comcast by 10.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant's stock valued at $47,254,000 after purchasing an additional 118,839 shares during the period. OMNI 360 Wealth Inc. acquired a new position in shares of Comcast in the 1st quarter valued at $335,000. Finally, DAVENPORT & Co LLC grew its holdings in shares of Comcast by 41.7% during the 1st quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant's stock worth $157,766,000 after purchasing an additional 1,261,278 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMCSA has been the topic of several research analyst reports. Citigroup restated a "buy" rating on shares of Comcast in a report on Tuesday, August 26th. KeyCorp reduced their price target on shares of Comcast from $45.00 to $43.00 and set an "overweight" rating on the stock in a research note on Friday. Moffett Nathanson increased their price objective on shares of Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. UBS Group set a $43.00 target price on Comcast in a research report on Friday. Finally, Sanford C. Bernstein lowered their price target on Comcast from $37.00 to $36.00 and set a "market perform" rating for the company in a research report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $40.06.

Comcast Stock Performance

Shares of Comcast stock opened at $31.09 on Tuesday. The business has a 50-day simple moving average of $32.68 and a 200-day simple moving average of $34.09. The company has a market cap of $114.79 billion, a PE ratio of 5.14, a P/E/G ratio of 1.81 and a beta of 0.94. Comcast Corporation has a one year low of $30.38 and a one year high of $45.31. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The company had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The firm's quarterly revenue was up 2.1% on a year-over-year basis. On average, equities research analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's dividend payout ratio is 21.82%.

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.

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