SeaBridge Investment Advisors LLC Sells 1,842 Shares of Comcast Co. (NASDAQ:CMCSA)

SeaBridge Investment Advisors LLC trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 97,066 shares of the cable giant’s stock after selling 1,842 shares during the quarter. Comcast makes up 1.8% of SeaBridge Investment Advisors LLC’s holdings, making the stock its 11th largest holding. SeaBridge Investment Advisors LLC’s holdings in Comcast were worth $5,535,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMCSA. Newton One Investments LLC purchased a new stake in shares of Comcast in the 2nd quarter worth $28,000. Wagner Wealth Management LLC purchased a new stake in shares of Comcast in the 1st quarter worth $28,000. Baron Financial Group LLC increased its stake in shares of Comcast by 688.6% in the 2nd quarter. Baron Financial Group LLC now owns 552 shares of the cable giant’s stock worth $31,000 after purchasing an additional 482 shares in the last quarter. Lumature Wealth Partners LLC purchased a new stake in shares of Comcast in the 1st quarter worth $31,000. Finally, Axiom Investment Management LLC purchased a new stake in shares of Comcast in the 1st quarter worth $37,000. 82.49% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ CMCSA traded up $1.44 during trading on Wednesday, hitting $57.03. The stock had a trading volume of 1,426,254 shares, compared to its average volume of 16,353,840. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $261.75 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 1.20 and a beta of 1.02. Comcast Co. has a one year low of $40.97 and a one year high of $61.80. The stock has a 50 day simple moving average of $58.89 and a 200 day simple moving average of $57.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.17. The business had revenue of $28.55 billion during the quarter, compared to the consensus estimate of $27.14 billion. Comcast had a net margin of 11.44% and a return on equity of 14.15%. On average, sell-side analysts predict that Comcast Co. will post 3.14 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 27th. Stockholders of record on Wednesday, October 6th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Tuesday, October 5th. Comcast’s dividend payout ratio is presently 38.31%.

A number of equities research analysts have issued reports on the company. Truist Securities increased their price target on Comcast from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 30th. Redburn Partners assumed coverage on Comcast in a research note on Friday, June 25th. They issued a “buy” rating and a $70.00 price target for the company. Truist increased their price target on Comcast from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 30th. Deutsche Bank Aktiengesellschaft increased their price target on Comcast from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, July 30th. Finally, TD Securities raised their price objective on Comcast from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, July 30th. One investment analyst has rated the stock with a sell rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $64.93.

About Comcast

Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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