Atwater Malick LLC Trims Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Atwater Malick LLC lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 3.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 109,514 shares of the cable giant’s stock after selling 4,244 shares during the period. Comcast makes up approximately 1.5% of Atwater Malick LLC’s holdings, making the stock its 22nd biggest holding. Atwater Malick LLC’s holdings in Comcast were worth $4,574,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Investment Advisors LLC grew its stake in Comcast by 4.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after buying an additional 1,550 shares during the last quarter. First Hawaiian Bank lifted its position in Comcast by 8.9% during the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock valued at $7,513,000 after purchasing an additional 15,664 shares during the period. BNP Paribas acquired a new stake in Comcast during the first quarter worth about $4,117,000. Beacon Financial Group raised its position in Comcast by 23.3% during the fourth quarter. Beacon Financial Group now owns 73,999 shares of the cable giant’s stock valued at $3,245,000 after acquiring an additional 13,993 shares in the last quarter. Finally, American National Bank & Trust Co. VA purchased a new stake in shares of Comcast during the first quarter worth about $426,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.4 %

Comcast stock traded up $0.16 during midday trading on Friday, reaching $41.26. The stock had a trading volume of 10,447,759 shares, compared to its average volume of 19,735,881. The firm’s fifty day simple moving average is $39.99 and its two-hundred day simple moving average is $39.50. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The firm has a market cap of $159.78 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 1.10 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. During the same quarter in the previous year, the company posted $1.13 earnings per share. Comcast’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio is currently 32.98%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. KeyCorp cut their price target on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. The Goldman Sachs Group began coverage on Comcast in a report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price target for the company. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Finally, Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $45.55.

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.