Dynamic Advisor Solutions LLC Has $3.74 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Dynamic Advisor Solutions LLC lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.7% during the third quarter, HoldingsChannel reports. The firm owned 89,584 shares of the cable giant’s stock after selling 1,561 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Comcast were worth $3,742,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Callan Family Office LLC bought a new position in Comcast during the third quarter worth about $259,000. Aprio Wealth Management LLC boosted its stake in shares of Comcast by 6.1% during the 3rd quarter. Aprio Wealth Management LLC now owns 10,494 shares of the cable giant’s stock worth $438,000 after acquiring an additional 603 shares during the period. Exeter Financial LLC increased its holdings in shares of Comcast by 1.3% during the 3rd quarter. Exeter Financial LLC now owns 67,039 shares of the cable giant’s stock worth $2,800,000 after acquiring an additional 875 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Comcast by 13.9% during the 3rd quarter. Versant Capital Management Inc now owns 4,264 shares of the cable giant’s stock valued at $178,000 after purchasing an additional 522 shares during the last quarter. Finally, City Center Advisors LLC increased its holdings in shares of Comcast by 4.7% in the third quarter. City Center Advisors LLC now owns 12,102 shares of the cable giant’s stock valued at $506,000 after purchasing an additional 543 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price for the company. in a report on Tuesday, June 11th. Deutsche Bank Aktiengesellschaft decreased their target price on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Evercore ISI dropped their price target on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. KeyCorp decreased their price objective on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Finally, StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $45.55.

Comcast Trading Up 1.0 %

Shares of CMCSA stock opened at $40.95 on Wednesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The company has a market cap of $160.67 billion, a PE ratio of 10.83, a P/E/G ratio of 1.08 and a beta of 1.01. The stock’s fifty day moving average price is $39.94 and its two-hundred day moving average price is $39.49.

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

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be given a $0.31 dividend. 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 3.03%. Comcast’s dividend payout ratio is currently 32.80%.

About Comcast

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.