Bryn Mawr Capital Management LLC Decreases Stake in Comcast Co. (NASDAQ:CMCSA)

Bryn Mawr Capital Management LLC reduced its stake in Comcast Co. (NASDAQ:CMCSAFree Report) by 31.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,727 shares of the cable giant’s stock after selling 5,833 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Comcast were worth $552,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. GSA Capital Partners LLP purchased a new position in shares of Comcast during the third quarter valued at approximately $895,000. Ramirez Asset Management Inc. bought a new stake in shares of Comcast during the third quarter valued at approximately $133,000. Advisors Capital Management LLC boosted its position in shares of Comcast by 21.8% during the third quarter. Advisors Capital Management LLC now owns 63,811 shares of the cable giant’s stock valued at $2,829,000 after purchasing an additional 11,408 shares in the last quarter. Harbour Investments Inc. boosted its position in shares of Comcast by 9.3% during the third quarter. Harbour Investments Inc. now owns 16,371 shares of the cable giant’s stock valued at $726,000 after purchasing an additional 1,395 shares in the last quarter. Finally, Orion Capital Management LLC bought a new stake in shares of Comcast during the third quarter valued at approximately $90,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Down 1.4 %

Comcast stock opened at $37.33 on Tuesday. The stock has a market cap of $146.47 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 0.94 and a beta of 1.00. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. Comcast Co. has a one year low of $36.43 and a one year high of $47.46. The stock has a fifty day moving average of $38.54 and a 200 day moving average of $41.09.

Comcast (NASDAQ:CMCSAGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The company had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. Comcast’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 earnings per share. As a group, sell-side analysts predict that Comcast Co. will post 4.22 EPS for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CMCSA shares. Citigroup dropped their price target on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Evercore ISI dropped 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. Macquarie dropped their target price on Comcast from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Finally, BNP Paribas downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Comcast presently has an average rating of “Hold” and an average price target of $48.53.

Read Our Latest Stock Analysis on Comcast

Insiders Place Their Bets

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the sale, the insider now owns 2,000,000 shares in the company, valued at $6,380,000. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.26% of the company’s stock.

Comcast Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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