Atria Investments Inc Sells 9,775 Shares of Comcast Co. (NASDAQ:CMCSA)

Atria Investments Inc lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 388,282 shares of the cable giant’s stock after selling 9,775 shares during the period. Atria Investments Inc’s holdings in Comcast were worth $16,219,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fairscale Capital LLC purchased a new stake in Comcast during the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC purchased a new stake in Comcast during the 2nd quarter valued at $27,000. IAG Wealth Partners LLC boosted 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 last quarter. McClarren Financial Advisors Inc. boosted its stake in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares during the last quarter. Finally, Archer Investment Corp boosted its stake in Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ:CMCSA opened at $43.91 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The business’s 50-day simple moving average is $41.18 and its two-hundred day simple moving average is $39.71. The stock has a market cap of $168.02 billion, a PE ratio of 11.80, a P/E/G ratio of 1.71 and a beta of 1.00. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $1.08 earnings per share. As a group, analysts forecast that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.82%. Comcast’s dividend payout ratio is presently 33.33%.

Analysts Set New Price Targets

Several analysts have commented on CMCSA shares. Wells Fargo & Company increased their target price on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Wednesday. Pivotal Research raised their price target on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays raised their price target on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Finally, StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.