Great Valley Advisor Group Inc. Sells 59,604 Shares of Comcast Co. (NASDAQ:CMCSA)

Great Valley Advisor Group Inc. cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 58.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,981 shares of the cable giant’s stock after selling 59,604 shares during the period. Great Valley Advisor Group Inc.’s holdings in Comcast were worth $1,795,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Keyes Stange & Wooten Wealth Management LLC raised its holdings in Comcast by 3.5% in the third quarter. Keyes Stange & Wooten Wealth Management LLC now owns 15,346 shares of the cable giant’s stock worth $641,000 after purchasing an additional 513 shares in the last quarter. Nicolet Advisory Services LLC increased its position in shares of Comcast by 4.0% during the third quarter. Nicolet Advisory Services LLC now owns 30,684 shares of the cable giant’s stock worth $1,252,000 after purchasing an additional 1,170 shares in the last quarter. Meridian Wealth Management LLC lifted its holdings in shares of Comcast by 94.8% during the 3rd quarter. Meridian Wealth Management LLC now owns 14,325 shares of the cable giant’s stock valued at $598,000 after purchasing an additional 6,972 shares during the last quarter. Nwam LLC acquired a new stake in shares of Comcast in the 3rd quarter worth $1,301,000. Finally, Icon Wealth Advisors LLC grew its stake in Comcast by 257.4% during the 3rd quarter. Icon Wealth Advisors LLC now owns 49,736 shares of the cable giant’s stock worth $2,077,000 after buying an additional 35,820 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. TD Cowen lowered their price target on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Pivotal Research lifted their price objective on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.19.

Comcast Stock Down 0.1 %

Shares of CMCSA opened at $43.47 on Monday. The stock’s 50-day moving average price is $41.98 and its 200-day moving average price is $40.05. 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 company has a market capitalization of $166.34 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 1.65 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 issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter last year, the company earned $1.08 EPS. The business’s revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts predict that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is currently 33.33%.

Comcast Company Profile

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.