Radnor Capital Management LLC Has $5.49 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Radnor Capital Management LLC lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,027 shares of the cable giant’s stock after selling 2,970 shares during the period. Comcast accounts for 2.3% of Radnor Capital Management LLC’s portfolio, making the stock its 6th largest holding. Radnor Capital Management LLC’s holdings in Comcast were worth $5,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Comcast Stock Down 0.2 %

NASDAQ:CMCSA traded down $0.10 on Friday, hitting $45.87. 7,885,178 shares of the company’s stock were exchanged, compared to its average volume of 18,630,725. The firm has a 50-day moving average price of $44.66 and a 200-day moving average price of $40.91. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.76 and a quick ratio of 0.76. Comcast Co. has a 52 week low of $28.39 and a 52 week high of $47.46. The company has a market cap of $189.22 billion, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 1.25 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 27th. The cable giant reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. The company had revenue of $30.51 billion for the quarter, compared to analysts’ expectations of $30.11 billion. Comcast had a net margin of 5.40% and a return on equity of 19.79%. Comcast’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.01 EPS. As a group, analysts expect that Comcast Co. will post 3.81 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.53%. Comcast’s payout ratio is 73.42%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CMCSA shares. KeyCorp boosted their price target on shares of Comcast from $46.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Wells Fargo & Company boosted their price target on shares of Comcast from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, July 28th. Wolfe Research raised shares of Comcast from an “underperform” rating to a “peer perform” rating in a report on Wednesday, August 2nd. Citigroup boosted their price target on shares of Comcast from $47.00 to $51.00 and gave the company a “buy” rating in a report on Tuesday, August 1st. Finally, Barclays boosted their price target on shares of Comcast from $42.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, July 31st. Seven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and a consensus target price of $47.88.

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, advertising sales, and Sky channels.