Comcast Co. (NASDAQ:CMCSA) Shares Sold by Arjuna Capital

Arjuna Capital reduced its holdings in Comcast Co. (NASDAQ:CMCSA) by 59.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,058 shares of the cable giant’s stock after selling 96,601 shares during the quarter. Arjuna Capital’s holdings in Comcast were worth $2,548,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Bollard Group LLC raised its stake in Comcast by 0.7% during the 4th quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock valued at $1,622,000 after acquiring an additional 244 shares in the last quarter. Tortoise Investment Management LLC raised its stake in shares of Comcast by 4.5% during the fourth quarter. Tortoise Investment Management LLC now owns 5,801 shares of the cable giant’s stock valued at $254,000 after purchasing an additional 249 shares in the last quarter. Laraway Financial Advisors Inc lifted its holdings in Comcast by 1.9% in the fourth quarter. Laraway Financial Advisors Inc now owns 13,150 shares of the cable giant’s stock worth $577,000 after purchasing an additional 250 shares during the period. Verum Partners LLC grew its position in Comcast by 4.9% in the 2nd quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock valued at $222,000 after buying an additional 267 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC increased its stake in Comcast by 3.1% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 8,815 shares of the cable giant’s stock valued at $387,000 after buying an additional 268 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Trading Up 0.3 %

Shares of CMCSA stock traded up $0.11 during trading hours on Friday, reaching $39.57. 25,874,322 shares of the stock traded hands, compared to its average volume of 19,985,010. 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 firm has a market capitalization of $155.26 billion, a PE ratio of 10.47, a PEG ratio of 1.07 and a beta of 1.00. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.30. The business has a fifty day moving average price of $39.12 and a 200 day moving average price of $39.94.

Comcast (NASDAQ:CMCSA) last issued its 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. The business had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. Comcast’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.13 earnings per share. On average, equities research analysts forecast 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 given 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 of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is 32.80%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CMCSA shares. Barclays reduced their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. KeyCorp decreased their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Macquarie reaffirmed a “neutral” rating and set a $40.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Finally, Evercore ISI lowered their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $45.78.

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, sky-branded entertainment television networks, and advertising.