Comcast Co. (NASDAQ:CMCSA) Shares Sold by Prentice Wealth Management LLC

Prentice Wealth Management LLC cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 36.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,625 shares of the cable giant’s stock after selling 4,937 shares during the period. Prentice Wealth Management LLC’s holdings in Comcast were worth $360,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CMCSA. Value Partners Investments Inc. boosted its holdings in shares of Comcast by 22.3% in the third quarter. Value Partners Investments Inc. now owns 120,840 shares of the cable giant’s stock valued at $5,047,000 after acquiring an additional 22,000 shares in the last quarter. Miracle Mile Advisors LLC increased its holdings in shares of Comcast by 6.1% in the 3rd quarter. Miracle Mile Advisors LLC now owns 8,058 shares of the cable giant’s stock valued at $337,000 after purchasing an additional 466 shares in the last quarter. Diversified Trust Co boosted its holdings in Comcast by 16.7% during the third quarter. Diversified Trust Co now owns 208,262 shares of the cable giant’s stock worth $8,699,000 after buying an additional 29,730 shares in the last quarter. GAMMA Investing LLC increased its holdings in Comcast by 41.9% in the third quarter. GAMMA Investing LLC now owns 55,912 shares of the cable giant’s stock valued at $2,335,000 after buying an additional 16,507 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in shares of Comcast by 6.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 1,851,457 shares of the cable giant’s stock worth $77,335,000 after acquiring an additional 111,779 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of recent research reports. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Barclays decreased their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Evercore ISI reduced their price objective on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. KeyCorp lowered their target price on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Finally, The Goldman Sachs Group began coverage on Comcast in a research note on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Comcast presently has an average rating of “Hold” and an average price target of $45.55.

Comcast Stock Down 1.5 %

Shares of NASDAQ:CMCSA traded down $0.63 during trading on Monday, hitting $40.56. The company’s stock had a trading volume of 16,901,404 shares, compared to its average volume of 19,874,711. The company has a market capitalization of $159.14 billion, a PE ratio of 10.73, a PEG ratio of 1.08 and a beta of 1.01. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The stock’s 50-day moving average price is $39.94 and its two-hundred day moving average price is $39.51.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.13 earnings per share. As a group, sell-side analysts expect that Comcast Co. will post 4.23 EPS for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.06%. The ex-dividend date is Wednesday, October 2nd. Comcast’s payout ratio is currently 32.80%.

Comcast 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.