Shepherd Financial Partners LLC Has $1.36 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Shepherd Financial Partners LLC lowered its position in Comcast Co. (NASDAQ:CMCSA) by 10.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,644 shares of the cable giant’s stock after selling 3,845 shares during the quarter. Shepherd Financial Partners LLC’s holdings in Comcast were worth $1,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fairscale Capital LLC bought a new stake in Comcast in the second quarter valued at approximately $26,000. Strategic Financial Concepts LLC bought a new stake in Comcast in the second quarter valued at approximately $27,000. IAG Wealth Partners LLC boosted its holdings in shares of Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after buying an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. boosted its holdings in shares of Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after buying an additional 570 shares in the last quarter. Finally, Archer Investment Corp lifted its holdings in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after purchasing an additional 519 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Barclays decreased their target price 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. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $47.75 to $48.00 in a research note on Friday. Finally, Macquarie reiterated a “neutral” rating and set a $40.00 price target on shares of Comcast in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and an average target price of $45.80.

Comcast Trading Up 0.8 %

Shares of CMCSA traded up $0.34 during mid-day trading on Friday, hitting $44.01. 7,980,379 shares of the company’s stock traded hands, compared to its average volume of 19,600,508. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The firm has a market capitalization of $170.43 billion, a P/E ratio of 11.78, a PEG ratio of 1.11 and a beta of 1.01. The business’s 50-day moving average price is $40.73 and its 200-day moving average price is $39.55.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period in the previous year, the company posted $1.08 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that Comcast Co. will post 4.24 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is currently 32.98%.

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.