Parcion Private Wealth LLC Grows Stock Position in Comcast Co. (NASDAQ:CMCSA)

Parcion Private Wealth LLC boosted its position in Comcast Co. (NASDAQ:CMCSA) by 10.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,086 shares of the cable giant’s stock after buying an additional 9,155 shares during the quarter. Parcion Private Wealth LLC’s holdings in Comcast were worth $3,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CMCSA. Gilbert & Cook Inc. boosted its holdings in shares of Comcast by 10.3% in the fourth quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock worth $685,000 after acquiring an additional 1,459 shares during the period. Gryphon Financial Partners LLC boosted its holdings in shares of Comcast by 71.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 50,539 shares of the cable giant’s stock worth $2,451,000 after acquiring an additional 21,112 shares during the period. Montag A & Associates Inc. boosted its holdings in shares of Comcast by 28.2% in the fourth quarter. Montag A & Associates Inc. now owns 7,720 shares of the cable giant’s stock worth $339,000 after acquiring an additional 1,700 shares during the period. Northwest Financial Advisors bought a new position in shares of Comcast in the fourth quarter worth $159,000. Finally, VisionPoint Advisory Group LLC boosted its holdings in shares of Comcast by 211.7% in the fourth quarter. VisionPoint Advisory Group LLC now owns 1,141 shares of the cable giant’s stock worth $50,000 after acquiring an additional 775 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. KeyCorp dropped their price objective on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of Comcast in a research note on Monday, May 13th. Finally, BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective for the company. in a research note on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $45.78.

Comcast Price Performance

CMCSA stock traded down $0.19 during mid-day trading on Friday, hitting $39.61. 18,549,208 shares of the stock were exchanged, compared to its average volume of 19,988,055. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The business has a fifty day moving average price of $39.24 and a 200 day moving average price of $39.85. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The stock has a market capitalization of $155.41 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 1.05 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09. The firm had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 earnings per share. On average, sell-side analysts anticipate that Comcast Co. will post 4.23 EPS for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued a $0.31 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a dividend yield of 3.13%. Comcast’s dividend payout ratio is currently 32.80%.

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.