NBC Securities Inc. Has $1.32 Million Stake in Comcast Corporation $CMCSA

Key Points

• NBC Securities Inc. has significantly reduced its holdings in Comcast Corporation by 63.2%, now owning 36,979 shares worth approximately $1.32 million.
• Comcast reported better-than-expected quarterly earnings with $1.25 EPS, surpassing analyst estimates of $1.18, and achieved a revenue of $30.31 billion.
• The company has declared a $0.33 quarterly dividend, representing a yield of 4.0%, which will be payable on October 22nd to investors of record on October 1st.

NBC Securities Inc. trimmed its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 63.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 36,979 shares of the cable giant's stock after selling 63,624 shares during the period. NBC Securities Inc.'s holdings in Comcast were worth $1,319,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of CMCSA. Sculati Wealth Management LLC grew its position in Comcast by 0.9% during the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock worth $1,156,000 after acquiring an additional 285 shares during the last quarter. Toth Financial Advisory Corp boosted its stake in Comcast by 9.0% in the first quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant's stock worth $134,000 after purchasing an additional 300 shares in the last quarter. Clearstead Trust LLC raised its holdings in shares of Comcast by 5.2% in the first quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant's stock valued at $227,000 after buying an additional 305 shares during the last quarter. United Asset Strategies Inc. raised its holdings in shares of Comcast by 2.2% in the first 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 during the last quarter. Finally, Moors & Cabot Inc. grew its holdings in Comcast by 0.6% during the 1st quarter. Moors & Cabot Inc. now owns 54,163 shares of the cable giant's stock worth $1,999,000 after acquiring an additional 310 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Down 0.2%

Shares of Comcast stock traded down $0.05 on Friday, hitting $31.59. The company had a trading volume of 53,783,241 shares, compared to its average volume of 20,704,542. The firm has a market capitalization of $116.64 billion, a P/E ratio of 5.22, a P/E/G ratio of 1.89 and a beta of 0.93. Comcast Corporation has a twelve month low of $31.03 and a twelve month high of $45.31. The stock has a 50-day moving average of $33.45 and a 200-day moving average of $34.48. 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 posted its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 EPS 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 business had revenue of $30.31 billion for the quarter, compared to analysts' expectations of $29.81 billion. During the same period in the previous year, the firm posted $1.21 EPS. The firm's revenue was up 2.1% compared to the same quarter last year. Research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Arete Research upgraded shares of Comcast to a "hold" rating in a research report on Tuesday, July 8th. Barclays decreased their price target on shares of Comcast from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Benchmark reaffirmed a "buy" rating on shares of Comcast in a report on Friday, July 18th. Rothschild & Co Redburn reduced their price objective on Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Finally, Rosenblatt Securities boosted their target price on Comcast from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. One equities research 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 given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price 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.