Comcast Corporation $CMCSA Shares Sold by WD Rutherford LLC

Key Points

• WD Rutherford LLC significantly reduced its holdings in Comcast by 61.3% during Q2, owning 5,638 shares valued at $201,000 after selling 8,915 shares.
• Comcast's stock opened at $31.72, with a market cap of $117.12 billion and a notable earnings per share of $1.25, exceeding analysts' estimates.
• The company announced a quarterly dividend of $0.33 per share to be paid on October 22, reflecting an annualized dividend yield of 4.2%.

WD Rutherford LLC trimmed its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 61.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,638 shares of the cable giant's stock after selling 8,915 shares during the period. WD Rutherford LLC's holdings in Comcast were worth $201,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Hengehold Capital Management LLC raised its holdings in shares of Comcast by 0.5% during the second quarter. Hengehold Capital Management LLC now owns 82,406 shares of the cable giant's stock worth $2,941,000 after purchasing an additional 401 shares during the period. LVW Advisors LLC increased its holdings in shares of Comcast by 48.9% in the 2nd quarter. LVW Advisors LLC now owns 54,019 shares of the cable giant's stock worth $1,928,000 after acquiring an additional 17,742 shares during the period. Diversified Enterprises LLC increased its holdings in shares of Comcast by 2.1% in the 2nd quarter. Diversified Enterprises LLC now owns 17,781 shares of the cable giant's stock worth $635,000 after acquiring an additional 374 shares during the period. ORG Partners LLC increased its holdings in shares of Comcast by 30.0% in the 2nd quarter. ORG Partners LLC now owns 2,739 shares of the cable giant's stock worth $100,000 after acquiring an additional 632 shares during the period. Finally, Voya Financial Advisors Inc. increased its holdings in shares of Comcast by 3.2% in the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant's stock worth $2,963,000 after acquiring an additional 2,593 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Up 0.3%

Comcast stock opened at $31.72 on Friday. The stock has a market cap of $117.12 billion, a price-to-earnings ratio of 5.24, a PEG ratio of 1.90 and a beta of 0.93. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The company's 50-day moving average price is $33.13 and its two-hundred day moving average price is $34.31. Comcast Corporation has a 52 week low of $31.03 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $29.81 billion. During the same quarter last year, the firm posted $1.21 EPS. The business's revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. Comcast's dividend payout ratio (DPR) is 21.82%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. The Goldman Sachs Group dropped their price objective on shares of Comcast from $40.00 to $39.00 and set a "buy" rating on the stock in a report on Wednesday. Morgan Stanley dropped their price objective on shares of Comcast from $40.00 to $38.00 and set an "equal weight" rating on the stock in a report on Monday, August 4th. 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 report on Friday, September 12th. Loop Capital dropped their price objective on shares of Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a report on Monday, September 22nd. Finally, Barclays dropped their price objective on shares of Comcast from $35.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $40.19.

Comcast Profile

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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