Roundview Capital LLC Decreases Stock Holdings in Comcast Corporation $CMCSA

Key Points

• Roundview Capital LLC has reduced its stake in Comcast Corporation by 40.1%, selling over 8,300 shares, leaving it with 12,433 shares worth approximately $444,000 at the end of the second quarter.
• Various institutional investors made changes to their positions in Comcast, with hedge funds owning 84.32% of the company's stock, indicating significant interest and activity surrounding the stock.
• Comcast announced a quarterly dividend of $0.33 per share, representing a 4.3% annualized yield, with a payout ratio of 21.82%.

Roundview Capital LLC lowered its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 40.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,433 shares of the cable giant's stock after selling 8,314 shares during the quarter. Roundview Capital LLC's holdings in Comcast were worth $444,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Inlight Wealth Management LLC purchased a new stake in shares of Comcast in the first quarter valued at $26,000. Cranbrook Wealth Management LLC raised its stake in shares of Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant's stock valued at $27,000 after acquiring an additional 350 shares during the period. Global Trust Asset Management LLC raised its stake in shares of Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant's stock valued at $27,000 after acquiring an additional 671 shares during the period. Abound Financial LLC purchased a new stake in shares of Comcast in the first quarter valued at $29,000. Finally, Ransom Advisory Ltd purchased a new stake in shares of Comcast in the first quarter valued at $29,000. Hedge funds and other institutional investors own 84.32% of the company's stock.

Wall Street Analyst Weigh In

CMCSA has been the topic of several recent analyst reports. Loop Capital reduced their target price on shares of Comcast from $44.00 to $43.00 and set a "buy" rating on the stock in a research note on Wednesday, October 1st. Benchmark reaffirmed a "buy" rating on shares of Comcast in a research note on Friday, July 18th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Comcast in a research note on Saturday, September 27th. Rothschild & Co Redburn reduced their price target on shares of Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Finally, Barclays reduced 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $39.94.

Comcast Stock Up 0.6%

Shares of Comcast stock opened at $30.77 on Thursday. 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 $30.30 and a 1 year high of $45.31. The firm's 50-day moving average is $32.60 and its two-hundred day moving average is $34.05. The stock has a market cap of $113.61 billion, a price-to-earnings ratio of 5.09, a PEG ratio of 1.82 and a beta of 0.94.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its 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. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The company had revenue of $30.31 billion for the quarter, compared to analysts' expectations of $29.81 billion. During the same period in the prior year, the business earned $1.21 EPS. The firm's quarterly revenue was up 2.1% on a year-over-year basis. 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders 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 yield of 4.3%. The ex-dividend date is Wednesday, October 1st. Comcast's dividend payout ratio is presently 21.82%.

Comcast Company 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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