Comcast Co. (NASDAQ:CMCSA) Shares Sold by Unionview LLC

Unionview LLC reduced its stake in Comcast Co. (NASDAQ:CMCSA) by 12.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,031 shares of the cable giant’s stock after selling 896 shares during the quarter. Unionview LLC’s holdings in Comcast were worth $252,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities analysts recently commented on the company. Macquarie reissued a “neutral” rating and issued a $40.00 target price on shares of Comcast in a report on Friday, November 1st. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, November 6th. Benchmark restated a “buy” rating and set a $55.00 target price on shares of Comcast in a research note on Wednesday, October 30th. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Finally, Barclays raised their price objective on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $46.75.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $43.91 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The company has a market cap of $168.02 billion, a P/E ratio of 11.80, a PEG ratio of 1.67 and a beta of 1.00. The company has a 50-day moving average price of $41.47 and a 200 day moving average price of $39.82.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period in the prior year, the business posted $1.08 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Research analysts predict that Comcast Co. will post 4.25 earnings per share for the current 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 given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is currently 33.33%.

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.