Woodstock Corp lowered its position in shares of Comcast Co. (NASDAQ:CMCSA – Free Report) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,135 shares of the cable giant’s stock after selling 820 shares during the quarter. Woodstock Corp’s holdings in Comcast were worth $7,152,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Corrado Advisors LLC acquired a new stake in Comcast during the 4th quarter valued at $25,000. Kalos Management Inc. bought a new stake in shares of Comcast during the first quarter valued at approximately $28,000. NewSquare Capital LLC increased its holdings in shares of Comcast by 134.3% in the first quarter. NewSquare Capital LLC now owns 752 shares of the cable giant’s stock valued at $29,000 after purchasing an additional 431 shares in the last quarter. GW&K Investment Management LLC bought a new position in Comcast in the 1st quarter worth approximately $29,000. Finally, Fortis Capital Advisors LLC acquired a new position in Comcast during the 4th quarter worth $29,000. Institutional investors and hedge funds own 82.85% of the company’s stock.
Comcast Stock Performance
NASDAQ:CMCSA traded down $0.14 during mid-day trading on Friday, hitting $45.83. The stock had a trading volume of 7,384,002 shares, compared to its average volume of 18,627,998. Comcast Co. has a twelve month low of $28.39 and a twelve month high of $47.46. The stock has a market cap of $189.05 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 1.25 and a beta of 0.99. The company’s 50 day simple moving average is $44.66 and its 200 day simple moving average is $40.91. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.76 and a current ratio of 0.76.
Comcast Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast’s payout ratio is 73.42%.
Analyst Upgrades and Downgrades
CMCSA has been the subject of a number of research reports. TD Cowen lifted their price objective on Comcast from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Barclays lifted their target price on shares of Comcast from $42.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, July 31st. Oppenheimer lifted their target price on shares of Comcast from $48.00 to $55.00 in a report on Friday, July 28th. StockNews.com started coverage on shares of Comcast in a report on Thursday, August 17th. They set a “strong-buy” rating for the company. Finally, Wolfe Research upgraded Comcast from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, August 2nd. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.88.
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.
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