Round Rock Advisors LLC Sells 813 Shares of Comcast Co. (NASDAQ:CMCSA)

Round Rock Advisors LLC reduced its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,342 shares of the cable giant’s stock after selling 813 shares during the quarter. Round Rock Advisors LLC’s holdings in Comcast were worth $1,977,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. Capital Investment Advisors LLC boosted its position in Comcast by 4.5% during the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock valued at $1,411,000 after purchasing an additional 1,550 shares during the last quarter. First Hawaiian Bank boosted its holdings in shares of Comcast by 8.9% in the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock valued at $7,513,000 after buying an additional 15,664 shares during the last quarter. Douglas Lane & Associates LLC grew its stake in shares of Comcast by 0.7% in the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock valued at $92,331,000 after buying an additional 15,807 shares in the last quarter. Wulff Hansen & CO. increased its holdings in Comcast by 3,816.0% during the second quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant’s stock worth $21,866,000 after buying an additional 544,123 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Comcast during the first quarter worth $773,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CMCSA has been the topic of a number of recent analyst reports. Macquarie reissued a “neutral” rating and set a $40.00 price target on shares of Comcast in a research report on Friday, November 1st. Pivotal Research boosted their target price on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $47.75 to $48.00 in a report on Friday, November 1st. Barclays upped their price objective on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus price target of $46.75.

Comcast Price Performance

Shares of CMCSA stock opened at $43.91 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a market cap of $168.02 billion, a P/E ratio of 11.80, a P/E/G ratio of 1.71 and a beta of 1.00. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The business has a fifty day simple moving average of $41.18 and a 200 day simple moving average of $39.71.

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 analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter in the prior year, the firm earned $1.08 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, sell-side analysts forecast that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.82%. Comcast’s payout ratio is 33.33%.

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.