Comcast Co. (NASDAQ:CMCSA) Stock Holdings Reduced by Montag A & Associates Inc.

Montag A & Associates Inc. cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 18.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,811 shares of the cable giant’s stock after selling 1,299 shares during the period. Montag A & Associates Inc.’s holdings in Comcast were worth $228,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Gilbert & Cook Inc. grew its holdings in Comcast by 10.3% during the fourth quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock valued at $685,000 after purchasing an additional 1,459 shares during the last quarter. Fisher Asset Management LLC grew its stake in Comcast by 5.3% in the 4th quarter. Fisher Asset Management LLC now owns 100,637 shares of the cable giant’s stock valued at $4,413,000 after buying an additional 5,108 shares during the last quarter. TCG Advisory Services LLC acquired a new position in Comcast during the 4th quarter worth $224,000. Avidian Wealth Solutions LLC boosted its holdings in Comcast by 6.6% during the fourth quarter. Avidian Wealth Solutions LLC now owns 13,361 shares of the cable giant’s stock valued at $586,000 after acquiring an additional 823 shares during the period. Finally, Connecticut Wealth Management LLC grew its position in shares of Comcast by 26.4% in the fourth quarter. Connecticut Wealth Management LLC now owns 5,857 shares of the cable giant’s stock valued at $257,000 after purchasing an additional 1,223 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of CMCSA stock opened at $39.57 on Tuesday. The firm has a market cap of $155.26 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 1.05 and a beta of 1.00. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.30. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The stock has a 50-day moving average price of $39.17 and a 200 day moving average price of $39.88.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. During the same quarter in the previous year, the company earned $1.13 EPS. Comcast’s revenue was down 2.7% on a year-over-year basis. Research analysts expect that Comcast Co. will post 4.23 EPS for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is currently 32.80%.

Analysts Set New Price Targets

CMCSA has been the subject of several recent analyst reports. Barclays decreased their target price on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective for the company. in a research report on Tuesday, June 11th. The Goldman Sachs Group initiated coverage on shares of Comcast in a research note on Tuesday, June 25th. They set a “buy” rating and a $44.00 target price for the company. Macquarie restated a “neutral” rating and issued a $40.00 price target on shares of Comcast in a research report on Wednesday, July 24th. Finally, Evercore ISI reduced their target price on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $45.78.

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, sky-branded entertainment television networks, and advertising.