ASB Consultores LLC Sells 285 Shares of Comcast Co. (NASDAQ:CMCSA)

ASB Consultores LLC decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,299 shares of the cable giant’s stock after selling 285 shares during the quarter. ASB Consultores LLC’s holdings in Comcast were worth $555,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CMCSA. Fairscale Capital LLC bought a new stake in shares of Comcast during the 2nd quarter valued at $26,000. McClarren Financial Advisors Inc. lifted its position in shares of Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares in the last quarter. Iron Horse Wealth Management LLC grew its position in shares of Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after purchasing an additional 522 shares in the last quarter. IAG Wealth Partners LLC raised its stake in 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 purchasing an additional 522 shares during the period. Finally, Archer Investment Corp boosted its stake in Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after purchasing an additional 519 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Down 2.4 %

Shares of CMCSA opened at $42.53 on Tuesday. The firm has a market capitalization of $164.70 billion, a P/E ratio of 11.43, a P/E/G ratio of 1.14 and a beta of 1.00. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The firm has a fifty day moving average price of $40.85 and a 200-day moving average price of $39.60. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same period in the prior year, the firm earned $1.08 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities research analysts expect that Comcast Co. will post 4.27 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CMCSA. Deutsche Bank Aktiengesellschaft upped their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday. KeyCorp lifted their target price on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday. Wells Fargo & Company increased their price target on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday. Barclays upped their price objective on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.75.

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.