Paragon Capital Management Ltd Sells 2,034 Shares of Comcast Co. (NASDAQ:CMCSA)

Paragon Capital Management Ltd lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 10.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,417 shares of the cable giant’s stock after selling 2,034 shares during the quarter. Paragon Capital Management Ltd’s holdings in Comcast were worth $724,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Ferguson Wellman Capital Management Inc. raised its position in Comcast by 20.0% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 1,302,829 shares of the cable giant’s stock valued at $54,133,000 after purchasing an additional 216,701 shares during the last quarter. Capital Investment Advisors LLC raised its stake in shares of Comcast by 2.5% during the second quarter. Capital Investment Advisors LLC now owns 34,712 shares of the cable giant’s stock valued at $1,442,000 after acquiring an additional 849 shares during the last quarter. Janiczek Wealth Management LLC lifted its holdings in shares of Comcast by 2.3% during the second quarter. Janiczek Wealth Management LLC now owns 12,452 shares of the cable giant’s stock worth $517,000 after purchasing an additional 282 shares during the period. Peoples Financial Services CORP. grew its stake in shares of Comcast by 3.7% in the second quarter. Peoples Financial Services CORP. now owns 23,256 shares of the cable giant’s stock worth $966,000 after purchasing an additional 829 shares during the last quarter. Finally, Kathmere Capital Management LLC raised its position in Comcast by 34.8% during the 2nd quarter. Kathmere Capital Management LLC now owns 7,371 shares of the cable giant’s stock worth $306,000 after purchasing an additional 1,904 shares during the last quarter. Institutional investors own 82.85% of the company’s stock.

Comcast Stock Down 1.4 %

NASDAQ CMCSA traded down $0.63 on Friday, reaching $45.34. The company had a trading volume of 45,437,408 shares, compared to its average volume of 18,846,537. The company’s fifty day moving average is $44.84 and its 200 day moving average is $41.02. The stock has a market capitalization of $187.03 billion, a P/E ratio of 28.70, a P/E/G ratio of 1.25 and a beta of 0.99. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.12. Comcast Co. has a 52-week low of $28.39 and a 52-week high of $47.46.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 27th. The cable giant reported $1.13 EPS for the quarter, beating the consensus estimate of $0.98 by $0.15. The firm had revenue of $30.51 billion during the quarter, compared to analyst estimates of $30.11 billion. Comcast had a net margin of 5.40% and a return on equity of 19.79%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the business posted $1.01 EPS. Sell-side analysts anticipate that Comcast Co. will post 3.81 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 25th. Stockholders 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 dividend yield of 2.56%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast’s dividend payout ratio is presently 73.42%.

Analyst Ratings Changes

Several brokerages have recently weighed in on CMCSA. Macquarie raised Comcast from an “underperform” rating to a “neutral” rating and set a $46.00 price target for the company in a research note on Friday, July 28th. Citigroup boosted their price target 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. Argus boosted their price target on shares of Comcast from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. KeyCorp boosted their target price on shares of Comcast from $46.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Finally, Oppenheimer boosted their target price on shares of Comcast from $48.00 to $55.00 in a report on Friday, July 28th. Seven 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.88.

About Comcast

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.