Comcast Corporation $CMCSA Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. lowered its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,087,541 shares of the cable giant’s stock after selling 83,489 shares during the period. Baird Financial Group Inc.’s holdings in Comcast were worth $38,814,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CMCSA. Foster Group Inc. lifted its stake in Comcast by 4.0% during the second quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock worth $265,000 after purchasing an additional 282 shares in the last quarter. Argyle Capital Management LLC raised its holdings in shares of Comcast by 0.5% in the 2nd quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock valued at $2,184,000 after buying an additional 300 shares during the period. Webster Bank N. A. lifted its stake in Comcast by 2.9% during the 2nd quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock worth $386,000 after acquiring an additional 305 shares in the last quarter. United Asset Strategies Inc. boosted its holdings in Comcast by 2.2% during the 1st quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock valued at $519,000 after acquiring an additional 308 shares during the period. Finally, Coign Capital Advisors LLC boosted its holdings in Comcast by 2.1% during the 2nd quarter. Coign Capital Advisors LLC now owns 15,919 shares of the cable giant’s stock valued at $568,000 after acquiring an additional 324 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 0.4%

Shares of 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 company has a market capitalization of $99.51 billion, a P/E ratio of 4.54, a P/E/G ratio of 1.87 and a beta of 0.83. The company has a 50 day moving average of $28.48 and a 200 day moving average of $32.09.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The company had revenue of $30.34 billion for the quarter. As a group, research analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. BNP Paribas Exane upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a research note on Tuesday, November 4th. Arete dropped their price objective on shares of Comcast from $39.00 to $33.00 and set a “neutral” rating for the company in a report on Tuesday, October 28th. Scotiabank cut their target price on shares of Comcast from $45.50 to $41.50 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. Morgan Stanley decreased their price target on shares of Comcast from $35.00 to $32.00 and set an “equal weight” rating for the company in a research report on Friday, October 31st. Finally, Benchmark dropped their price target on shares of Comcast from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Eleven analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $35.82.

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.