Cedar Brook Financial Partners LLC Sells 720 Shares of Comcast Co. (NASDAQ:CMCSA)

Cedar Brook Financial Partners LLC lowered its holdings in Comcast Co. (NASDAQ:CMCSA) by 5.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,707 shares of the cable giant’s stock after selling 720 shares during the period. Cedar Brook Financial Partners LLC’s holdings in Comcast were worth $486,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Lavaca Capital LLC raised its position in shares of Comcast by 6.3% in the 1st quarter. Lavaca Capital LLC now owns 6,910 shares of the cable giant’s stock valued at $271,000 after buying an additional 409 shares in the last quarter. Empower Advisory Group LLC acquired a new position in shares of Comcast in the 1st quarter valued at approximately $70,112,000. Berkeley Capital Partners LLC raised its position in shares of Comcast by 25.5% in the 1st quarter. Berkeley Capital Partners LLC now owns 25,833 shares of the cable giant’s stock valued at $979,000 after buying an additional 5,245 shares in the last quarter. Foundations Investment Advisors LLC raised its position in shares of Comcast by 8.4% in the 1st quarter. Foundations Investment Advisors LLC now owns 54,028 shares of the cable giant’s stock valued at $2,048,000 after buying an additional 4,202 shares in the last quarter. Finally, Douglas Lane & Associates LLC raised its position in shares of Comcast by 4.3% in the 1st quarter. Douglas Lane & Associates LLC now owns 2,164,226 shares of the cable giant’s stock valued at $82,046,000 after buying an additional 89,685 shares in the last quarter. Institutional investors own 82.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CMCSA shares. Morgan Stanley boosted their target price on shares of Comcast from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, July 24th. KeyCorp upped their price objective on shares of Comcast from $46.00 to $51.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Loop Capital upped their price objective on shares of Comcast from $50.00 to $53.00 in a research report on Friday, July 28th. Wells Fargo & Company upped their price objective on shares of Comcast from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, July 28th. Finally, Citigroup upped their price objective on shares of Comcast from $47.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Seven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.88.

Comcast Stock Performance

CMCSA opened at $45.97 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.12. The company’s fifty day moving average price is $44.66 and its two-hundred day moving average price is $40.91. Comcast Co. has a 1-year low of $28.39 and a 1-year high of $47.46. The company has a market cap of $189.63 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 1.25 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 27th. The cable giant reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.15. Comcast had a net margin of 5.40% and a return on equity of 19.79%. The firm had revenue of $30.51 billion for the quarter, compared to the consensus estimate of $30.11 billion. During the same quarter in the prior year, the company posted $1.01 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis. On average, analysts expect that Comcast Co. will post 3.81 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $1.16 annualized dividend and a yield of 2.52%. Comcast’s payout ratio is 73.42%.

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, advertising sales, and Sky channels.