Boston Research & Management Inc. Sells 325 Shares of Comcast Co. (NASDAQ:CMCSA)

Boston Research & Management Inc. trimmed its stake in Comcast Co. (NASDAQ:CMCSA) by 0.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 105,252 shares of the cable giant’s stock after selling 325 shares during the period. Comcast accounts for about 1.8% of Boston Research & Management Inc.’s holdings, making the stock its 21st largest position. Boston Research & Management Inc.’s holdings in Comcast were worth $5,886,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Centaurus Financial Inc. increased its stake in Comcast by 7.2% in the second quarter. Centaurus Financial Inc. now owns 2,906 shares of the cable giant’s stock valued at $166,000 after purchasing an additional 196 shares in the last quarter. Edgestream Partners L.P. increased its position in Comcast by 33.7% during the second quarter. Edgestream Partners L.P. now owns 13,543 shares of the cable giant’s stock worth $772,000 after acquiring an additional 3,414 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in Comcast by 1.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 394,795 shares of the cable giant’s stock worth $22,511,000 after buying an additional 6,806 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of Comcast by 33.2% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 52,778 shares of the cable giant’s stock valued at $3,009,000 after purchasing an additional 13,157 shares in the last quarter. Finally, Marks Group Wealth Management Inc boosted its stake in shares of Comcast by 3.1% in the 2nd quarter. Marks Group Wealth Management Inc now owns 14,772 shares of the cable giant’s stock valued at $843,000 after purchasing an additional 449 shares in the last quarter. Institutional investors and hedge funds own 82.61% of the company’s stock.

Several analysts have recently weighed in on the stock. Macquarie lowered shares of Comcast from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $65.00 to $52.00 in a research note on Tuesday, December 14th. Loop Capital lowered their price objective on Comcast from $71.00 to $67.00 and set a “buy” rating on the stock in a research note on Monday, November 22nd. TD Securities decreased their price objective on shares of Comcast from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, October 29th. Pivotal Research reaffirmed a “buy” rating and issued a $62.00 target price on shares of Comcast in a research note on Wednesday, December 15th. Finally, Exane BNP Paribas started coverage on Comcast in a report on Monday, September 27th. They set an “outperform” rating and a $72.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $63.88.

CMCSA stock traded up $0.77 during trading hours on Friday, reaching $52.05. The stock had a trading volume of 582,052 shares, compared to its average volume of 18,716,012. The stock has a market capitalization of $237.81 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 0.93 and a beta of 0.94. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a 50-day simple moving average of $50.87 and a 200 day simple moving average of $54.96. Comcast Co. has a fifty-two week low of $46.29 and a fifty-two week high of $61.80.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 28th. The cable giant reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.12. Comcast had a net margin of 12.73% and a return on equity of 14.88%. The company had revenue of $30.30 billion for the quarter, compared to the consensus estimate of $29.87 billion. During the same period last year, the company posted $0.65 EPS. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. On average, sell-side analysts forecast that Comcast Co. will post 3.2 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 26th. Stockholders of record on Wednesday, January 5th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, January 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.92%. Comcast’s dividend payout ratio is currently 32.26%.

Comcast Company Profile

Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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