Sigma Investment Counselors Inc. Acquires 980 Shares of Comcast Co. (NASDAQ:CMCSA)

Sigma Investment Counselors Inc. increased its holdings in Comcast Co. (NASDAQ:CMCSAGet Rating) by 8.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,002 shares of the cable giant’s stock after acquiring an additional 980 shares during the period. Sigma Investment Counselors Inc.’s holdings in Comcast were worth $471,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Schroder Investment Management Group grew its holdings in Comcast by 5.6% during the fourth quarter. Schroder Investment Management Group now owns 6,819,026 shares of the cable giant’s stock valued at $21,347,000 after purchasing an additional 362,602 shares during the period. Mutual Advisors LLC raised its stake in shares of Comcast by 5.9% during the 4th quarter. Mutual Advisors LLC now owns 38,761 shares of the cable giant’s stock valued at $1,951,000 after purchasing an additional 2,158 shares during the period. Blair William & Co. IL lifted its holdings in Comcast by 4.1% during the 4th quarter. Blair William & Co. IL now owns 526,039 shares of the cable giant’s stock worth $26,476,000 after purchasing an additional 20,548 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Comcast by 10.5% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 42,755 shares of the cable giant’s stock valued at $2,152,000 after buying an additional 4,077 shares in the last quarter. Finally, Zeno Research LLC purchased a new position in Comcast during the 4th quarter valued at about $2,071,000. 82.80% of the stock is owned by institutional investors.

Comcast Stock Down 1.9 %

CMCSA traded down $0.61 during trading on Friday, reaching $31.86. The stock had a trading volume of 1,104,159 shares, compared to its average volume of 28,078,204. The stock’s 50 day moving average is $37.73 and its two-hundred day moving average is $41.37. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $140.61 billion, a price-to-earnings ratio of 10.41, a P/E/G ratio of 0.67 and a beta of 0.90. Comcast Co. has a one year low of $32.30 and a one year high of $57.96.

Comcast (NASDAQ:CMCSAGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The cable giant reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.09. The firm had revenue of $30.02 billion during the quarter, compared to analyst estimates of $29.72 billion. Comcast had a return on equity of 16.67% and a net margin of 11.54%. Comcast’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 EPS. As a group, analysts expect that Comcast Co. will post 3.62 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.08 annualized dividend and a dividend yield of 3.39%. Comcast’s dividend payout ratio is presently 35.29%.

Analyst Ratings Changes

CMCSA has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their target price on Comcast from $37.00 to $36.00 and set an “underweight” rating for the company in a report on Monday, September 12th. TD Securities boosted their price objective on Comcast from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Vertical Research lowered Comcast to a “positive” rating in a report on Tuesday, July 5th. TheStreet lowered Comcast from a “b-” rating to a “c+” rating in a report on Friday, July 29th. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $51.75.

Comcast Profile

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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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