SlateStone Wealth LLC owns $357,000 in Comcast Co. shares. (NASDAQ:CMCSA)

SlateStone Wealth LLC trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA – Free Report) by 16.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,105 shares of the cable giant’s stock after selling 1,780 shares during the quarter. SlateStone Wealth LLC’s holdings in Comcast were worth $357,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have recently made changes to their positions in the business. Capital World Investors boosted its holdings in Comcast by 7.4% in the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock worth $5,015,737,000 after buying an additional 7,929,963 shares in the last quarter. Norges Bank acquired a new position in shares of Comcast in the 4th quarter valued at approximately $2,542,988,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Comcast by 41.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after acquiring an additional 8,243,302 shares in the last quarter. Harris Associates LP boosted its position in shares of Comcast by 10.9% during the fourth quarter. Harris Associates LP now owns 18,873,787 shares of the cable giant’s stock valued at $827,616,000 after acquiring an additional 1,854,671 shares in the last quarter. Finally, LSV Asset Management grew its holdings in Comcast by 3.8% during the fourth quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock worth $687,947,000 after acquiring an additional 570,050 shares during the period. 84.32% of shares are owned by institutional investors.

Analysts set new price targets

CMCSA has been the subject of several research reports. Barclays reduced their price objective on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. KeyCorp cut their price target 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. Macquarie reissued a “neutral” rating and set a $40.00 price objective on shares of Comcast in a report on Wednesday, July 24th. Citigroup cut their price target on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $45.78, according to MarketBeat.

Check out our latest research report on CMCSA

Comcast Price Performance

CMCSA opened at $40.25 on Tuesday. The stock has a market cap of $157.93 billion, a P/E ratio of 10.65, a PEG ratio of 1.07 and a beta of 1.00. The company has a current ratio of 0.66, a quick ratio of 0.66, and a debt-to-equity ratio of 1.16. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.30. The stock has a 50-day moving average price of $38.96 and a 200-day moving average price of $39.96.

Comcast (NASDAQ:CMCSA – Get Your Free Report ) last announced its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating 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 revenue fell 2.7% year over year. In the same quarter last year, the company earned $1.13 EPS. Stock analysts predict that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast announces dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, October 2. This represents an annualized dividend of $1.24 and a yield of 3.08%. Comcast’s payout ratio is currently 32.80%.

About Comcast

(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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