Ausdal Financial Partners Inc. Sells 408 Shares of Comcast Co. (NASDAQ:CMCSA)

Ausdal Financial Partners Inc. decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,924 shares of the cable giant’s stock after selling 408 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in Comcast were worth $428,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Bollard Group LLC raised its stake in shares of Comcast by 0.7% during the 4th quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock valued at $1,622,000 after buying an additional 244 shares during the last quarter. Tortoise Investment Management LLC boosted its holdings in Comcast by 4.5% in the 4th quarter. Tortoise Investment Management LLC now owns 5,801 shares of the cable giant’s stock worth $254,000 after buying an additional 249 shares during the last quarter. Verum Partners LLC boosted its holdings in Comcast by 4.9% in the 2nd quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock worth $222,000 after buying an additional 267 shares during the last quarter. L.M. Kohn & Company boosted its holdings in Comcast by 3.5% in the 4th quarter. L.M. Kohn & Company now owns 7,996 shares of the cable giant’s stock worth $351,000 after buying an additional 270 shares during the last quarter. Finally, Mcdonald Partners LLC lifted its stake in Comcast by 1.4% in the 1st quarter. Mcdonald Partners LLC now owns 19,591 shares of the cable giant’s stock worth $849,000 after purchasing an additional 270 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CMCSA. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Comcast in a research report on Monday, May 13th. The Goldman Sachs Group initiated coverage on shares of Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price target for the company. Pivotal Research lowered their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast has a consensus rating of “Hold” and a consensus price target of $45.78.

Comcast Stock Up 0.3 %

CMCSA stock opened at $39.72 on Tuesday. The company’s 50 day simple moving average is $39.27 and its 200-day simple moving average is $39.80. The firm has a market capitalization of $153.82 billion, a PE ratio of 10.51, a P/E/G ratio of 1.05 and a beta of 1.01. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66.

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

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 3.12%. Comcast’s dividend payout ratio (DPR) is currently 32.80%.

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.