Affinity Investment Advisors LLC Sells 271 Shares of Comcast Co. (NASDAQ:CMCSA)

Affinity Investment Advisors LLC lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 0.6% in the third quarter, HoldingsChannel reports. The fund owned 46,690 shares of the cable giant’s stock after selling 271 shares during the period. Comcast makes up about 1.3% of Affinity Investment Advisors LLC’s portfolio, making the stock its 22nd biggest position. Affinity Investment Advisors LLC’s holdings in Comcast were worth $1,950,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Capital Investment Advisors LLC boosted its holdings in shares of Comcast by 4.5% during the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after purchasing an additional 1,550 shares during the period. First Hawaiian Bank lifted 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 buying an additional 15,664 shares during the period. BNP Paribas bought a new stake in shares of Comcast in the 1st quarter worth approximately $4,117,000. Douglas Lane & Associates LLC increased its stake in shares of Comcast by 0.7% during the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock valued at $92,331,000 after buying an additional 15,807 shares during the period. Finally, Wulff Hansen & CO. raised its holdings in shares of Comcast by 3,816.0% during the second quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant’s stock valued at $21,866,000 after acquiring an additional 544,123 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Macquarie restated a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a report on Friday. TD Cowen decreased their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday. Benchmark restated a “buy” rating and set a $55.00 target price on shares of Comcast in a report on Wednesday. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Wednesday, July 24th. Finally, Pivotal Research boosted their price objective on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $46.63.

Comcast Stock Down 0.3 %

CMCSA stock opened at $43.56 on Friday. The stock has a market capitalization of $168.69 billion, a P/E ratio of 11.59, a P/E/G ratio of 1.11 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 1-year low of $36.43 and a 1-year high of $47.11. The business has a fifty day moving average price of $40.80 and a 200-day moving average price of $39.58.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. During the same quarter in the previous year, the firm earned $1.08 EPS. Comcast’s revenue was up 6.5% on a year-over-year basis. Equities analysts forecast that Comcast Co. will post 4.24 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 32.98%.

Comcast Company 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.