Jones Financial Companies Lllp Has $10.33 Million Holdings in Comcast Corporation $CMCSA

Key Points

• Jones Financial Companies Lllp reduced its position in Comcast Corporation by 69.6%, now holding 270,599 shares valued at approximately $10.33 million.
• Comcast's recent earnings report showed a profit of $1.25 EPS, exceeding estimates and marking a 2.1% increase in revenue year-over-year.
• A quarterly dividend of $0.33 per share will be paid to stockholders on October 22, representing an annualized yield of 3.9%.

Jones Financial Companies Lllp cut its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 69.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 270,599 shares of the cable giant's stock after selling 618,703 shares during the quarter. Jones Financial Companies Lllp's holdings in Comcast were worth $10,333,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Inlight Wealth Management LLC purchased a new position in Comcast during the first quarter worth $26,000. Abound Financial LLC acquired a new position in Comcast in the first quarter valued at $29,000. Retirement Wealth Solutions LLC boosted its holdings in Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after acquiring an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new position in Comcast in the fourth quarter valued at $33,000. Finally, Global Wealth Strategies & Associates boosted its holdings in Comcast by 203.4% in the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after acquiring an additional 600 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Performance

CMCSA stock traded down $0.34 on Friday, reaching $33.06. The company's stock had a trading volume of 23,842,060 shares, compared to its average volume of 19,553,770. Comcast Corporation has a 52 week low of $31.03 and a 52 week high of $45.31. The company has a market capitalization of $122.06 billion, a P/E ratio of 5.46, a price-to-earnings-growth ratio of 2.00 and a beta of 0.93. The firm has a fifty day moving average of $33.79 and a two-hundred day moving average of $34.60. 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 (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. The business 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 period last year, the company posted $1.21 EPS. As a group, analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's dividend payout ratio is currently 21.82%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Benchmark restated a "buy" rating on shares of Comcast in a research note on Friday, July 18th. Royal Bank Of Canada assumed coverage on Comcast in a research note on Monday, September 8th. They set a "sector perform" rating and a $38.00 price objective on the stock. Sanford C. Bernstein reduced their price objective on Comcast from $37.00 to $36.00 and set a "market perform" rating on the stock in a research note on Wednesday. Barclays cut their price target on Comcast from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Finally, Scotiabank boosted their price target on Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Comcast currently has an average rating of "Hold" and a consensus price target of $40.56.

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.