Gladstone Institutional Advisory LLC Has $4.21 Million Position in Comcast Co. (NASDAQ:CMCSA)

Gladstone Institutional Advisory LLC reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 34.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,699 shares of the cable giant’s stock after selling 52,028 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Comcast were worth $4,206,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Hi Line Capital Management LLC bought a new position in Comcast during the third quarter worth $9,303,000. Hartford Financial Management Inc. increased its holdings in Comcast by 3.7% in the third quarter. Hartford Financial Management Inc. now owns 35,854 shares of the cable giant’s stock worth $1,498,000 after purchasing an additional 1,287 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of Comcast by 4.5% during the 3rd quarter. Principal Securities Inc. now owns 129,230 shares of the cable giant’s stock worth $5,398,000 after buying an additional 5,572 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Comcast during the 3rd quarter worth approximately $35,000. Finally, Cordatus Wealth Management LLC increased its stake in Comcast by 0.8% in the third quarter. Cordatus Wealth Management LLC now owns 42,757 shares of the cable giant’s stock valued at $1,786,000 after purchasing an additional 355 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA traded up $0.32 on Friday, reaching $43.99. The company had a trading volume of 8,675,011 shares, compared to its average volume of 19,603,785. The company has a market cap of $170.35 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 1.11 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The business has a 50 day simple moving average of $40.73 and a 200 day simple moving average of $39.55.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. Comcast’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 earnings per share. As a group, sell-side analysts anticipate that Comcast Co. will post 4.24 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.82%. Comcast’s payout ratio is presently 32.98%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of recent research reports. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $47.75 to $48.00 in a research note on Friday. KeyCorp boosted their price objective on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, July 24th. Barclays decreased their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and an average price target of $45.80.

About Comcast

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.