Stonebrook Private Inc. Reduces Position in Comcast Co. (NASDAQ:CMCSA)

Stonebrook Private Inc. trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,040 shares of the cable giant’s stock after selling 365 shares during the period. Stonebrook Private Inc.’s holdings in Comcast were worth $2,424,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. Meridian Wealth Management LLC boosted its position in Comcast by 94.8% in the third quarter. Meridian Wealth Management LLC now owns 14,325 shares of the cable giant’s stock worth $598,000 after purchasing an additional 6,972 shares during the last quarter. Nwam LLC purchased a new position in shares of Comcast in the third quarter worth approximately $1,301,000. Icon Wealth Advisors LLC grew its position in Comcast by 257.4% during the third quarter. Icon Wealth Advisors LLC now owns 49,736 shares of the cable giant’s stock valued at $2,077,000 after buying an additional 35,820 shares during the period. GM Advisory Group LLC increased its holdings in Comcast by 5.3% during the third quarter. GM Advisory Group LLC now owns 10,942 shares of the cable giant’s stock valued at $457,000 after buying an additional 547 shares during the last quarter. Finally, Allen Capital Group LLC bought a new position in Comcast in the third quarter worth approximately $234,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the topic of a number of recent research reports. TD Cowen decreased their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. KeyCorp boosted their price objective on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Benchmark restated a “buy” rating and set a $60.00 price objective on shares of Comcast in a research report on Tuesday. Finally, Pivotal Research increased their price target on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.19.

Comcast Price Performance

Comcast stock opened at $43.47 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $166.34 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 1.60 and a beta of 1.00. The firm has a 50-day moving average of $41.98 and a two-hundred day moving average of $40.03. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $1.08 earnings per share. On average, research analysts forecast that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

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.