First Horizon Advisors Inc. Sells 8,685 Shares of Comcast Co. (NASDAQ:CMCSA)

First Horizon Advisors Inc. reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 34.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,880 shares of the cable giant’s stock after selling 8,685 shares during the quarter. First Horizon Advisors Inc.’s holdings in Comcast were worth $705,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CMCSA. Fairscale Capital LLC bought a new stake in Comcast in the second quarter valued at $26,000. Strategic Financial Concepts LLC bought a new position in Comcast during the second quarter worth about $27,000. IAG Wealth Partners LLC raised its stake in shares of Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares during the period. McClarren Financial Advisors Inc. boosted its holdings in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares during the period. Finally, Archer Investment Corp grew its holdings in shares of Comcast by 177.1% during the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after purchasing an additional 519 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Stock Up 1.2 %

NASDAQ:CMCSA opened at $43.51 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $166.49 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 1.60 and a beta of 1.00. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The stock has a 50 day moving average of $41.90 and a 200-day moving average of $40.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data 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. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter in the previous year, the company posted $1.08 EPS. The business’s revenue was up 6.5% compared to the same quarter last year. Analysts predict that Comcast Co. will post 4.26 EPS for the current year.

Comcast Announces Dividend

The firm also recently disclosed 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 is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.85%. Comcast’s payout ratio is presently 33.33%.

Analyst Ratings Changes

Several equities analysts recently issued reports on CMCSA shares. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Wednesday, November 6th. Wells Fargo & Company upped their target price on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Pivotal Research increased their price target on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. Macquarie raised their price objective on Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $47.19.

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.