Capital Advisors Ltd. LLC Sells 291 Shares of Comcast Co. (NASDAQ:CMCSA)

Capital Advisors Ltd. LLC decreased its position in Comcast Co. (NASDAQ:CMCSA) by 6.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,598 shares of the cable giant’s stock after selling 291 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Comcast were worth $199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CMCSA. Woodmont Investment Counsel LLC boosted its holdings in shares of Comcast by 38.7% in the 1st quarter. Woodmont Investment Counsel LLC now owns 9,852 shares of the cable giant’s stock worth $427,000 after purchasing an additional 2,750 shares during the period. Exchange Capital Management Inc. boosted its holdings in shares of Comcast by 6.6% in the 1st quarter. Exchange Capital Management Inc. now owns 152,785 shares of the cable giant’s stock worth $6,623,000 after purchasing an additional 9,505 shares during the period. Synergy Asset Management LLC boosted its holdings in Comcast by 353.3% during the 1st quarter. Synergy Asset Management LLC now owns 105,956 shares of the cable giant’s stock valued at $4,593,000 after acquiring an additional 82,582 shares during the period. Leonard Rickey Investment Advisors P.L.L.C. boosted its holdings in Comcast by 17.7% during the 1st quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 8,767 shares of the cable giant’s stock valued at $380,000 after acquiring an additional 1,319 shares during the period. Finally, Iams Wealth Management LLC boosted its holdings in Comcast by 2.4% during the 1st quarter. Iams Wealth Management LLC now owns 38,973 shares of the cable giant’s stock valued at $1,643,000 after acquiring an additional 902 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 0.0 %

CMCSA stock opened at $38.16 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The firm’s 50-day moving average is $38.67 and its two-hundred day moving average is $41.32. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The company has a market capitalization of $149.73 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 0.98 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. On average, analysts forecast that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s payout ratio is 32.80%.

Insider Transactions at Comcast

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the completion of the transaction, the insider now directly owns 2,000,000 shares in the company, valued at approximately $6,380,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CMCSA. The Goldman Sachs Group initiated coverage on Comcast in a report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 target price for the company. Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Macquarie lowered their target price on Comcast from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Finally, Citigroup reduced their target price on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a report on Monday, April 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Comcast has an average rating of “Hold” and a consensus price target of $48.53.

Comcast Company 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.