Janney Montgomery Scott LLC Sells 80,033 Shares of Comcast Corporation $CMCSA

Key Points

• Janney Montgomery Scott LLC reduced its ownership in Comcast Corporation by selling 80,033 shares, lowering its stake to 3,911,304 shares, worth approximately $139.6 million.
• Comcast has recently announced a quarterly dividend of $0.33 per share, translating to an annual yield of 4.2%, with a payout ratio of 21.82%.
• Analysts have mixed views on Comcast's stock, with a consensus rating of "Hold" and a target price averaging $40.11.

Janney Montgomery Scott LLC lowered its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,911,304 shares of the cable giant's stock after selling 80,033 shares during the quarter. Janney Montgomery Scott LLC owned about 0.10% of Comcast worth $139,594,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Foster Group Inc. boosted its holdings in shares of Comcast by 4.0% during the 2nd quarter. Foster Group Inc. now owns 7,418 shares of the cable giant's stock valued at $265,000 after purchasing an additional 282 shares during the last quarter. Toth Financial Advisory Corp boosted its holdings in shares of Comcast by 9.0% during the 1st quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant's stock valued at $134,000 after purchasing an additional 300 shares during the last quarter. Clearstead Trust LLC boosted its holdings in shares of Comcast by 5.2% during the 1st quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant's stock valued at $227,000 after purchasing an additional 305 shares during the last quarter. Webster Bank N. A. raised its position in shares of Comcast by 2.9% during the 2nd quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant's stock valued at $386,000 after buying an additional 305 shares in the last quarter. Finally, United Asset Strategies Inc. raised its position in shares of Comcast by 2.2% during the 1st quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant's stock valued at $519,000 after buying an additional 308 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Analyst Ratings Changes

CMCSA has been the topic of several recent research reports. Sanford C. Bernstein decreased their target price on shares of Comcast from $37.00 to $36.00 and set a "market perform" rating on the stock in a research report on Wednesday, September 10th. The Goldman Sachs Group decreased their target price on shares of Comcast from $40.00 to $39.00 and set a "buy" rating on the stock in a research report on Wednesday, September 24th. Rosenblatt Securities upped their target price on shares of Comcast from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Arete Research upgraded shares of Comcast to a "hold" rating in a research report on Tuesday, July 8th. Finally, Citigroup restated a "buy" rating on shares of Comcast in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $40.11.

Comcast Stock Performance

Comcast stock opened at $31.49 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. Comcast Corporation has a 1-year low of $31.03 and a 1-year high of $45.31. The firm has a market capitalization of $116.27 billion, a P/E ratio of 5.20, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. The company's 50-day moving average is $33.06 and its 200 day moving average is $34.28.

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

Comcast Announces Dividend

The business also recently announced 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 of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.2%. Comcast's dividend payout ratio (DPR) is 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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