Norden Group LLC owns $807,000 in Comcast Co. (NASDAQ:CMCSA)

Norden Group LLC reduced its position in shares of Comcast Co. (NASDAQ:CMCSA – Free Report) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,602 shares of the cable giant’s stock after selling 610 shares during the period. Norden Group LLC’s holdings in Comcast were worth $807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have added to or reduced their stakes in the company. Bollard Group LLC raised its stake in Comcast by 0.7% during the 4th quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock valued at $1,622,000 after buying an additional 244 shares in the last quarter. Tortoise Investment Management LLC boosted its holdings in shares of Comcast by 4.5% in the fourth quarter. Tortoise Investment Management LLC now owns 5,801 shares of the cable giant’s stock valued at $254,000 after buying an additional 249 shares during the last quarter. Verum Partners LLC boosted its position in shares of Comcast by 4.9% in the second quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock valued at $222,000 after purchasing an additional 267 shares in the last quarter. LM Kohn & Company raised its holdings in Comcast by 3.5% during the fourth quarter. LM Kohn & Company now owns 7,996 shares of the cable giant’s stock worth $351,000 after buying an additional 270 shares in the last quarter. Finally, Mcdonald Partners LLC raised its position in Comcast by 1.4% in the first quarter. Mcdonald Partners LLC now owns 19,591 shares of the cable giant’s stock valued at $849,000 after purchasing an additional 270 shares in the last quarter. 84.32% of shares are owned by institutional investors and hedge funds.

Comcast Price Performance

NASDAQ:CMCSA opened at $39.61 on Friday. The stock has a fifty day moving average of $39.24 and a 200 day moving average of $39.83. Comcast Co. it has a 52-week low of $36.43 and a 52-week high of $47.11. The firm has a market cap of $155.41 billion, a price-to-earnings ratio of 10.48, a P/E/G ratio of 1.05 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66, and a current ratio of 0.66.

Comcast (NASDAQ:CMCSA – Get Your Free Report ) last released its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. In the same quarter last year, the company earned $1.13 EPS. On average, research analysts expect that Comcast Co. to post 4.23 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a $0.31 dividend. This represents an annualized dividend of $1.24 and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, October 2. Comcast’s dividend payout ratio is currently 32.80%.

Analyst upgrades and downgrades

Several equities research analysts have commented on the stock. Benchmark reiterated a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Monday, May 13th. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective on the stock. in a research report on Tuesday, June 11th. Barclays cut their price target 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. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $45.78, according to MarketBeat.

Check out our latest review on Comcast

Comcast Company Profile

(Free report)

Comcast Corporation operates as a global media and technology company. It operates through the segments of residential connectivity and platforms, connectivity for business services, media, studios and theme parks. The Residential Connectivity and Platforms segment offers residential broadband and wireless connectivity services, residential and business video services, Sky-branded entertainment television networks and advertising.

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