Comcast Co. (NASDAQ:CMCSA) is M&R Capital Management Inc.’s 7th Largest Position

M&R Capital Management Inc. reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,987 shares of the cable giant’s stock after selling 914 shares during the quarter. Comcast comprises approximately 2.3% of M&R Capital Management Inc.’s holdings, making the stock its 7th largest position. M&R Capital Management Inc.’s holdings in Comcast were worth $10,062,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Greenleaf Trust grew its holdings in shares of Comcast by 2.2% in the second quarter. Greenleaf Trust now owns 91,097 shares of the cable giant’s stock valued at $3,852,000 after purchasing an additional 1,986 shares in the last quarter. Logan Capital Management Inc. grew its holdings in shares of Comcast by 31.7% in the second quarter. Logan Capital Management Inc. now owns 132,216 shares of the cable giant’s stock valued at $5,590,000 after purchasing an additional 31,851 shares in the last quarter. Westside Investment Management Inc. purchased a new position in shares of Comcast in the second quarter valued at $34,000. Duncker Streett & Co. Inc. grew its holdings in shares of Comcast by 1.7% in the second quarter. Duncker Streett & Co. Inc. now owns 98,310 shares of the cable giant’s stock valued at $4,157,000 after purchasing an additional 1,621 shares in the last quarter. Finally, Lindbrook Capital LLC grew its holdings in shares of Comcast by 35.0% in the second quarter. Lindbrook Capital LLC now owns 9,537 shares of the cable giant’s stock valued at $403,000 after purchasing an additional 2,473 shares in the last quarter. 82.58% of the stock is owned by institutional investors and hedge funds.

In other Comcast news, SVP Daniel C. Murdock sold 1,701 shares of Comcast stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $41.46, for a total value of $70,523.46. Following the transaction, the senior vice president now owns 4,712 shares in the company, valued at $195,359.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.35% of the stock is owned by insiders.

CMCSA has been the subject of several recent analyst reports. BidaskClub lowered shares of Comcast from a “buy” rating to a “hold” rating in a research note on Thursday. ValuEngine lowered shares of Comcast from a “hold” rating to a “sell” rating in a research note on Thursday. Rosenblatt Securities initiated coverage on shares of Comcast in a research note on Friday, June 14th. They set a “buy” rating and a $50.00 price objective for the company. Nomura lifted their price objective on shares of Comcast from $41.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Finally, Barclays lifted their price objective on shares of Comcast from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $45.27.

Shares of CMCSA stock traded down $0.23 on Friday, hitting $42.65. The stock had a trading volume of 20,701,163 shares, compared to its average volume of 16,443,029. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.69 and a current ratio of 0.69. The business has a 50 day moving average price of $43.51. The company has a market capitalization of $194.61 billion, a P/E ratio of 16.73, a PEG ratio of 1.18 and a beta of 1.08. Comcast Co. has a one year low of $32.61 and a one year high of $45.29.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The company had revenue of $26.86 billion for the quarter, compared to analyst estimates of $27.08 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The firm’s quarterly revenue was up 23.6% compared to the same quarter last year. On average, research analysts predict that Comcast Co. will post 3.07 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd were paid a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, July 2nd. This represents a $0.84 annualized dividend and a yield of 1.97%. Comcast’s dividend payout ratio (DPR) is presently 32.94%.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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