Apriem Advisors Has $218,000 Position in Comcast Co. (NASDAQ:CMCSA)

Apriem Advisors reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 11.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,816 shares of the cable giant’s stock after selling 503 shares during the quarter. Apriem Advisors’ holdings in Comcast were worth $218,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of CMCSA. Moors & Cabot Inc. raised its position in Comcast by 1.8% during the second quarter. Moors & Cabot Inc. now owns 52,506 shares of the cable giant’s stock valued at $2,994,000 after acquiring an additional 911 shares in the last quarter. Employees Retirement System of Texas raised its position in shares of Comcast by 4.6% in the second quarter. Employees Retirement System of Texas now owns 1,293,007 shares of the cable giant’s stock valued at $73,727,000 after purchasing an additional 56,493 shares during the period. Resources Management Corp CT ADV raised its position in shares of Comcast by 5.7% in the second quarter. Resources Management Corp CT ADV now owns 39,527 shares of the cable giant’s stock valued at $2,254,000 after purchasing an additional 2,120 shares during the period. Westfield Capital Management Co. LP raised its position in shares of Comcast by 4.0% in the second quarter. Westfield Capital Management Co. LP now owns 152,959 shares of the cable giant’s stock valued at $8,722,000 after purchasing an additional 5,845 shares during the period. Finally, Main Street Financial Solutions LLC raised its position in shares of Comcast by 2.0% in the second quarter. Main Street Financial Solutions LLC now owns 9,848 shares of the cable giant’s stock valued at $562,000 after purchasing an additional 189 shares during the period. Institutional investors and hedge funds own 82.49% of the company’s stock.

Shares of CMCSA traded up $0.02 on Friday, hitting $57.30. The company’s stock had a trading volume of 147,870 shares, compared to its average volume of 16,482,773. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.04. The firm’s fifty day moving average price is $58.85 and its 200-day moving average price is $57.00. Comcast Co. has a fifty-two week low of $40.97 and a fifty-two week high of $61.80. The firm has a market capitalization of $262.99 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 1.20 and a beta of 1.02.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 27th. Shareholders of record on Wednesday, October 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Tuesday, October 5th. Comcast’s dividend payout ratio (DPR) is currently 38.31%.

A number of brokerages recently issued reports on CMCSA. Pivotal Research boosted their target price on shares of Comcast from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, July 30th. Credit Suisse Group lifted their price target on shares of Comcast from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, July 30th. Truist boosted their target price on shares of Comcast from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, July 30th. Benchmark boosted their target price on shares of Comcast from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, July 12th. Finally, HSBC boosted their target price on shares of Comcast from $56.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, May 24th. One research analyst has rated the stock with a sell rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $64.93.

Comcast Profile

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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