Realta Investment Advisors Sells 1,197 Shares of Comcast Co. (NASDAQ:CMCSA)

Realta Investment Advisors decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 27.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,224 shares of the cable giant’s stock after selling 1,197 shares during the quarter. Realta Investment Advisors’ holdings in Comcast were worth $135,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Fairscale Capital LLC acquired a new position in shares of Comcast in the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC acquired a new position in Comcast in the second quarter valued at about $27,000. IAG Wealth Partners LLC grew its stake in Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares during the period. McClarren Financial Advisors Inc. lifted its holdings in shares of Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares in the last quarter. Finally, Archer Investment Corp lifted its holdings in shares of Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on CMCSA shares. Macquarie reiterated a “neutral” rating and set a $40.00 target price on shares of Comcast in a report on Friday. Wells Fargo & Company upped their target price on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $47.75 to $48.00 in a report on Friday. Finally, KeyCorp upped their price objective on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $46.63.

Comcast Trading Down 0.3 %

Shares of CMCSA stock opened at $43.56 on Friday. The stock’s fifty day moving average price is $40.80 and its two-hundred day moving average price is $39.58. The company has a market cap of $168.69 billion, a PE ratio of 11.59, a P/E/G ratio of 1.11 and a beta of 1.01. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the prior year, the company earned $1.08 EPS. Comcast’s revenue was up 6.5% compared to the same quarter last year. Equities analysts predict that Comcast Co. will post 4.24 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is 32.98%.

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, sky-branded entertainment television networks, and advertising.