Seven Mile Advisory Has $653,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Seven Mile Advisory decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,677 shares of the cable giant’s stock after selling 368 shares during the period. Seven Mile Advisory’s holdings in Comcast were worth $653,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Brevan Howard Capital Management LP bought a new stake in shares of Comcast during the fourth quarter worth $2,056,000. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Comcast by 3.4% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock valued at $495,694,000 after acquiring an additional 368,685 shares in the last quarter. Capital Investment Advisors LLC grew its position in Comcast by 4.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after acquiring an additional 1,550 shares during the last quarter. First Hawaiian Bank increased its holdings in Comcast by 8.9% in the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after purchasing an additional 15,664 shares in the last quarter. Finally, Gilbert & Cook Inc. raised its position in Comcast by 10.3% in the fourth quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock valued at $685,000 after purchasing an additional 1,459 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price target on shares of Comcast in a report on Wednesday, July 24th. KeyCorp reduced their target price on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a report 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. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price for the company. in a research report on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Comcast currently has an average rating of “Hold” and an average target price of $45.78.

Comcast Price Performance

Comcast stock opened at $39.55 on Friday. The stock has a market capitalization of $153.16 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 1.03 and a beta of 1.01. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The stock’s 50 day moving average price is $39.36 and its two-hundred day moving average price is $39.74.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping 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 firm earned $1.13 earnings per share. Comcast’s revenue was down 2.7% on a year-over-year basis. On average, equities analysts predict that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Dividend Announcement

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 $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s payout ratio is 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.