Saxon Interests Inc. Has $566,000 Stake in Comcast Co. (NASDAQ:CMCSA)

Saxon Interests Inc. lifted its holdings in Comcast Co. (NASDAQ:CMCSA) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,554 shares of the cable giant’s stock after acquiring an additional 262 shares during the period. Saxon Interests Inc.’s holdings in Comcast were worth $566,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Tortoise Investment Management LLC increased its stake in shares of 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 acquiring an additional 249 shares in the last quarter. Greenwich Wealth Management LLC increased its holdings in shares of Comcast by 2.7% during the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock valued at $382,000 after acquiring an additional 261 shares in the last quarter. Verum Partners LLC raised its position in shares of 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 purchasing an additional 267 shares during the last quarter. Mcdonald Partners LLC grew its position in Comcast by 1.4% during the 1st quarter. Mcdonald Partners LLC now owns 19,591 shares of the cable giant’s stock valued at $849,000 after purchasing an additional 270 shares during the last quarter. Finally, Plancorp LLC increased its stake in Comcast by 0.4% during the 2nd quarter. Plancorp LLC now owns 74,725 shares of the cable giant’s stock valued at $2,926,000 after purchasing an additional 277 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Up 0.0 %

Comcast stock traded up $0.01 during mid-day trading on Wednesday, hitting $40.96. The company’s stock had a trading volume of 2,723,540 shares, compared to its average volume of 19,778,158. The stock has a market cap of $160.71 billion, a PE ratio of 10.83, a P/E/G ratio of 1.08 and a beta of 1.01. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company has a 50 day moving average of $39.94 and a 200-day moving average of $39.48. 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 (NASDAQ:CMCSA) last issued its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. During the same quarter in the previous year, the firm earned $1.13 EPS. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, research analysts anticipate that Comcast Co. will post 4.23 EPS for the current 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 issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is 32.80%.

Analyst Ratings Changes

Several equities research analysts recently commented on CMCSA shares. BNP Paribas downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective for the company. in a report on Tuesday, June 11th. The Goldman Sachs Group assumed coverage on Comcast in a report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. KeyCorp cut their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Finally, Evercore ISI dropped their price objective on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $45.55.

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.