Capital Advisors Inc. OK Sells 403 Shares of Comcast Co. (NASDAQ:CMCSA)

Capital Advisors Inc. OK reduced its stake in Comcast Co. (NASDAQ:CMCSA) by 4.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,258 shares of the cable giant’s stock after selling 403 shares during the quarter. Capital Advisors Inc. OK’s holdings in Comcast were worth $345,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC boosted its holdings in Comcast by 4.5% during the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after purchasing an additional 1,550 shares during the last quarter. First Hawaiian Bank boosted its stake in shares of Comcast by 8.9% during the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after buying an additional 15,664 shares during the last quarter. Douglas Lane & Associates LLC grew its holdings in shares of Comcast by 0.7% in the 3rd quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock valued at $92,331,000 after acquiring an additional 15,807 shares in the last quarter. Wulff Hansen & CO. increased its position in shares of Comcast by 3,816.0% in the second quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant’s stock valued at $21,866,000 after acquiring an additional 544,123 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Comcast during the first quarter worth about $773,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of analyst reports. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $47.75 to $48.00 in a research note on Friday. Wells Fargo & Company boosted their price objective on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday. TD Cowen cut their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday. Benchmark reissued a “buy” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday. Finally, Barclays cut their price objective 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.63.

Comcast Price Performance

Comcast stock opened at $43.56 on Friday. The stock’s fifty day moving average price is $40.80 and its two-hundred day moving average price is $39.58. The firm has a market cap of $168.69 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. Comcast Co. has a one year low of $36.43 and a one year 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. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the previous year, the firm earned $1.08 earnings per share. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, research analysts expect that Comcast Co. will post 4.24 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.85%. Comcast’s dividend payout ratio is 32.98%.

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.