Sargent Investment Group LLC Lowers Stock Position in Comcast Co. (NASDAQ:CMCSA)

Sargent Investment Group LLC cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 13.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,933 shares of the cable giant’s stock after selling 1,084 shares during the quarter. Sargent Investment Group LLC’s holdings in Comcast were worth $271,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Steph & Co. increased its position in shares of Comcast by 154.6% during the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 371 shares during the last quarter. OLD Point Trust & Financial Services N A bought a new position in Comcast during the fourth quarter valued at about $28,000. Pineridge Advisors LLC purchased a new stake in Comcast during the fourth quarter worth about $32,000. Financial Synergies Wealth Advisors Inc. increased its holdings in Comcast by 336.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after buying an additional 593 shares during the last quarter. Finally, IAG Wealth Partners LLC grew its position in shares of Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares during the period. 84.32% of the stock is owned by institutional investors.

Comcast Stock Down 0.2 %

Shares of NASDAQ:CMCSA opened at $39.28 on Wednesday. The firm has a fifty day moving average price of $39.43 and a two-hundred day moving average price of $39.67. The company has a market cap of $154.12 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 1.03 and a beta of 1.01. 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 Co. has a one year low of $36.43 and a one year high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. During the same quarter last year, the company earned $1.13 earnings per share. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. Analysts anticipate 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. Investors of record on Wednesday, October 2nd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio is currently 32.80%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several research analyst reports. Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Barclays decreased their target price on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Evercore ISI cut their price target on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. KeyCorp decreased their price objective on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $45.78.

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.