Invesco LLC Trims Stock Holdings in Comcast Corporation $CMCSA

Key Points

• Invesco LLC has reduced its stake in Comcast Corporation by 37.6%, holding 14,924 shares worth approximately $533,000 after selling nearly 9,000 shares in the second quarter.
• Several other investors have increased their positions in Comcast, with Brighton Jones LLC increasing its holdings by 150.9% and GAMMA Investing LLC by an astounding 2,193.1% during the prior quarters.
• Comcast reported a quarterly EPS of $1.25, exceeding estimates, and has announced a dividend of $0.33, yielding 4.2% annually, with payment expected on October 22nd.

Invesco LLC decreased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 37.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,924 shares of the cable giant's stock after selling 8,994 shares during the quarter. Invesco LLC's holdings in Comcast were worth $533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock worth $6,240,000 after purchasing an additional 99,986 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Comcast by 47.0% during the first quarter. Versant Capital Management Inc now owns 7,931 shares of the cable giant's stock valued at $293,000 after buying an additional 2,535 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Comcast by 2,193.1% in the first quarter. GAMMA Investing LLC now owns 1,164,564 shares of the cable giant's stock worth $42,972,000 after buying an additional 1,113,779 shares in the last quarter. BTC Capital Management Inc. boosted its position in shares of Comcast by 11.3% in the first quarter. BTC Capital Management Inc. now owns 39,566 shares of the cable giant's stock valued at $1,460,000 after acquiring an additional 4,026 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its position in shares of Comcast by 10.6% in the first quarter. Fifth Third Wealth Advisors LLC now owns 60,769 shares of the cable giant's stock valued at $2,242,000 after acquiring an additional 5,801 shares during the period. 84.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

CMCSA has been the topic of a number of analyst reports. Barclays decreased their target price 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. Benchmark reaffirmed a "buy" rating on shares of Comcast in a report on Friday, July 18th. Morgan Stanley lowered their price objective on Comcast from $40.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Monday, August 4th. Arete Research upgraded Comcast to a "hold" rating in a research report on Tuesday, July 8th. Finally, Citigroup reaffirmed a "buy" rating on shares of Comcast in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $40.19.

Comcast Stock Up 0.3%

CMCSA opened at $31.72 on Monday. The business's fifty day simple moving average is $33.13 and its 200 day simple moving average is $34.31. Comcast Corporation has a 52 week low of $31.03 and a 52 week high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The stock has a market cap of $117.12 billion, a PE ratio of 5.24, a P/E/G ratio of 1.90 and a beta of 0.93.

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 the consensus estimate of $1.18 by $0.07. The firm had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 earnings per share. As a group, research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

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

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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