Woodstock Corp Has $7.15 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Woodstock Corp lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) 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 (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 27th. The cable giant reported $1.13 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $30.11 billion. During the same period in the previous year, the business posted $1.01 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities research analysts forecast that Comcast Co. will post 3.81 earnings per share for the current year.

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.