Brown Advisory Inc. Reduces Holdings in Comcast Corporation $CMCSA

Brown Advisory Inc. lowered its position in Comcast Corporation (NASDAQ:CMCSA) by 5.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,431,387 shares of the cable giant’s stock after selling 82,608 shares during the quarter. Brown Advisory Inc.’s holdings in Comcast were worth $51,086,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Cranbrook Wealth Management LLC raised its holdings in shares of Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after buying an additional 350 shares during the period. Global Trust Asset Management LLC grew its holdings in shares of Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares during the last quarter. Avalon Trust Co boosted its position in Comcast by 433.3% in the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after buying an additional 624 shares during the period. Ransom Advisory Ltd purchased a new position in shares of Comcast during the first quarter worth approximately $29,000. Finally, Princeton Global Asset Management LLC boosted its holdings in shares of Comcast by 403.5% in the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after purchasing an additional 686 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the topic of a number of recent research reports. Zacks Research downgraded Comcast from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price target for the company in a report on Tuesday, November 4th. Benchmark lowered their target price on Comcast from $48.00 to $46.00 and set a “buy” rating for the company in a report on Friday, October 31st. Cowen reissued a “buy” rating on shares of Comcast in a research report on Friday, October 31st. Finally, Royal Bank Of Canada lowered their target price on shares of Comcast from $38.00 to $32.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Comcast currently has a consensus rating of “Hold” and a consensus price target of $35.82.

Comcast Stock Up 0.4%

Comcast stock opened at $27.31 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $43.30. The business’s 50-day moving average price is $28.48 and its 200 day moving average price is $32.09. The firm has a market cap of $99.51 billion, a price-to-earnings ratio of 4.54, a price-to-earnings-growth ratio of 1.87 and a beta of 0.83.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The firm had revenue of $30.34 billion during the quarter. As a group, sell-side analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is presently 21.96%.

Comcast 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.