Parcion Private Wealth LLC Purchases 9,155 Shares of Comcast Co. (NASDAQ:CMCSA)

Parcion Private Wealth LLC increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 10.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 98,086 shares of the cable giant’s stock after acquiring an additional 9,155 shares during the period. Parcion Private Wealth LLC’s holdings in Comcast were worth $3,841,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital World Investors lifted its holdings in Comcast by 7.4% during the 1st 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 during the period. Norges Bank acquired a new position in Comcast during the 4th quarter worth about $2,542,988,000. Price T Rowe Associates Inc. MD lifted its holdings in Comcast by 41.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock worth $1,214,512,000 after buying an additional 8,243,302 shares during the period. Harris Associates L P lifted its holdings in Comcast by 10.9% during the 4th quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock worth $827,616,000 after buying an additional 1,854,671 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in Comcast by 3.4% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock worth $495,694,000 after buying an additional 368,685 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 0.5 %

Shares of Comcast stock traded down $0.19 on Friday, hitting $39.61. The company had a trading volume of 18,549,208 shares, compared to its average volume of 19,988,055. The stock has a market capitalization of $155.41 billion, a price-to-earnings ratio of 10.48, a P/E/G ratio of 1.05 and a beta of 1.00. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The stock has a 50 day moving average of $39.24 and a 200-day moving average of $39.85. 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) last issued its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. The firm had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.13 earnings per share. As a group, sell-side analysts forecast that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Wednesday, October 2nd. Comcast’s payout ratio is 32.80%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CMCSA shares. Pivotal Research dropped their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. The Goldman Sachs Group started coverage on Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective on the stock. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. Evercore ISI dropped their price objective on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Finally, Benchmark reissued a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Monday, May 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Comcast presently has an average rating of “Hold” and a consensus target price of $45.78.

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.