Brown Advisory Inc. Decreases Stake in Comcast Corporation $CMCSA

Brown Advisory Inc. lessened its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 5.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,431,387 shares of the cable giant’s stock after selling 82,608 shares during the period. Brown Advisory Inc.’s holdings in Comcast were worth $51,086,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Foster Group Inc. boosted its holdings in shares of Comcast by 4.0% during the 2nd quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock worth $265,000 after purchasing an additional 282 shares during the last quarter. Argyle Capital Management LLC boosted its stake in Comcast by 0.5% during the second quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock worth $2,184,000 after buying an additional 300 shares during the last quarter. Webster Bank N. A. grew its holdings in Comcast by 2.9% in the 2nd quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock valued at $386,000 after buying an additional 305 shares in the last quarter. United Asset Strategies Inc. increased its stake in shares of Comcast by 2.2% in the 1st quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock worth $519,000 after acquiring an additional 308 shares during the last quarter. Finally, Coign Capital Advisors LLC raised its holdings in shares of Comcast by 2.1% during the 2nd quarter. Coign Capital Advisors LLC now owns 15,919 shares of the cable giant’s stock worth $568,000 after acquiring an additional 324 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CMCSA has been the subject of several recent analyst reports. Scotiabank cut their price objective on shares of Comcast from $45.50 to $41.50 and set a “sector perform” rating for the company in a research report on Friday, October 31st. BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research report on Tuesday, November 4th. Cowen reiterated a “buy” rating on shares of Comcast in a report on Friday, October 31st. KeyCorp cut shares of Comcast from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 30th. Finally, Arete lowered their price objective on shares of Comcast from $39.00 to $33.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Comcast currently has an average rating of “Hold” and an average target price of $35.82.

Comcast Stock Up 0.4%

Comcast stock opened at $27.31 on Friday. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $43.30. The firm has a market capitalization of $99.51 billion, a P/E ratio of 4.54, a P/E/G ratio of 1.87 and a beta of 0.83. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The stock’s fifty day simple moving average is $28.48 and its 200-day simple moving average is $32.09.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The business had revenue of $30.34 billion during the quarter. As a group, equities analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is presently 21.96%.

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.