M&R Capital Management Inc. Sells 624 Shares of Comcast Co. (NASDAQ:CMCSA)

M&R Capital Management Inc. reduced its position in Comcast Co. (NASDAQ:CMCSA) by 0.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 211,520 shares of the cable giant’s stock after selling 624 shares during the quarter. Comcast makes up about 2.4% of M&R Capital Management Inc.’s portfolio, making the stock its 12th largest position. M&R Capital Management Inc.’s holdings in Comcast were worth $9,784,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. TrinityPoint Wealth LLC lifted its position in shares of Comcast by 0.6% during the 2nd quarter. TrinityPoint Wealth LLC now owns 37,006 shares of the cable giant’s stock valued at $1,442,000 after acquiring an additional 233 shares during the period. Telemus Capital LLC lifted its position in shares of Comcast by 0.7% during the 2nd quarter. Telemus Capital LLC now owns 33,304 shares of the cable giant’s stock valued at $1,349,000 after acquiring an additional 239 shares during the period. Grandfield & Dodd LLC lifted its position in shares of Comcast by 1.7% during the 2nd quarter. Grandfield & Dodd LLC now owns 14,193 shares of the cable giant’s stock valued at $550,000 after acquiring an additional 243 shares during the period. Carmichael Hill & Associates Inc. lifted its position in shares of Comcast by 8.5% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 3,119 shares of the cable giant’s stock valued at $122,000 after acquiring an additional 244 shares during the period. Finally, Livingston Group Asset Management CO operating as Southport Capital Management lifted its position in shares of Comcast by 1.0% during the 2nd quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 25,264 shares of the cable giant’s stock valued at $985,000 after acquiring an additional 246 shares during the period. 82.80% of the stock is currently owned by institutional investors.

CMCSA traded up $0.18 during trading on Thursday, hitting $46.44. 15,523,151 shares of the company traded hands, compared to its average volume of 22,655,916. The firm has a market cap of $212.14 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 1.95 and a beta of 0.95. The stock’s fifty day moving average is $44.61 and its 200 day moving average is $40.25. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.25. Comcast Co. has a one year low of $31.70 and a one year high of $47.74.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 30th. The cable giant reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.14. The company had revenue of $23.72 billion during the quarter, compared to analyst estimates of $23.56 billion. Comcast had a net margin of 10.91% and a return on equity of 16.66%. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 earnings per share. On average, equities research analysts forecast that Comcast Co. will post 2.42 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, October 6th. This represents a $0.92 dividend on an annualized basis and a yield of 1.98%. Comcast’s dividend payout ratio is presently 29.39%.

A number of research analysts recently issued reports on CMCSA shares. Credit Suisse Group boosted their target price on shares of Comcast from $50.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, September 23rd. Deutsche Bank upped their price objective on shares of Comcast from $47.00 to $53.00 in a report on Monday, August 3rd. Benchmark upped their price objective on shares of Comcast from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, September 22nd. They noted that the move was a valuation call. Rosenblatt Securities upped their price objective on shares of Comcast from $45.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a report on Wednesday, September 9th. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $49.50.

In other Comcast news, CEO Jeff Shell sold 99,484 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $42.91, for a total transaction of $4,268,858.44. 1.14% of the stock is owned by company insiders.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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