Orion Portfolio Solutions LLC Increases Stake in Comcast Co. (NASDAQ:CMCSA)

Orion Portfolio Solutions LLC increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 3.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,089 shares of the cable giant’s stock after purchasing an additional 626 shares during the period. Orion Portfolio Solutions LLC’s holdings in Comcast were worth $705,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. tru Independence LLC boosted its stake in shares of Comcast by 327.8% in the 2nd quarter. tru Independence LLC now owns 16,039 shares of the cable giant’s stock valued at $625,000 after purchasing an additional 12,290 shares in the last quarter. Laidlaw Wealth Management LLC boosted its stake in shares of Comcast by 5.6% in the 2nd quarter. Laidlaw Wealth Management LLC now owns 24,368 shares of the cable giant’s stock valued at $950,000 after purchasing an additional 1,297 shares in the last quarter. Equitable Trust Co. boosted its stake in shares of Comcast by 4.9% in the 2nd quarter. Equitable Trust Co. now owns 40,783 shares of the cable giant’s stock valued at $1,589,000 after purchasing an additional 1,903 shares in the last quarter. Advisors Capital Management LLC raised its holdings in Comcast by 141.4% during the 2nd quarter. Advisors Capital Management LLC now owns 237,459 shares of the cable giant’s stock valued at $9,256,000 after buying an additional 139,108 shares during the last quarter. Finally, Bristol John W & Co. Inc. NY raised its holdings in Comcast by 26.0% during the 2nd quarter. Bristol John W & Co. Inc. NY now owns 2,252,465 shares of the cable giant’s stock valued at $87,801,000 after buying an additional 464,628 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Shares of Comcast stock traded up $0.50 during trading on Wednesday, hitting $46.96. The company’s stock had a trading volume of 580,965 shares, compared to its average volume of 14,265,040. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.97 and a current ratio of 0.97. The company has a fifty day simple moving average of $43.75 and a two-hundred day simple moving average of $39.85. The company has a market capitalization of $212.23 billion, a PE ratio of 18.93, a P/E/G ratio of 1.94 and a beta of 0.95. Comcast Co. has a 52 week low of $31.70 and a 52 week high of $47.74.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 30th. The cable giant reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.14. Comcast had a net margin of 10.91% and a return on equity of 16.66%. The company had revenue of $23.72 billion during the quarter, compared to analyst estimates of $23.56 billion. During the same period last year, the business earned $0.78 EPS. Comcast’s quarterly revenue was down 11.7% compared to the same quarter last year. As a group, analysts predict that Comcast Co. will post 2.41 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be issued a $0.23 dividend. The ex-dividend date is Tuesday, October 6th. This represents a $0.92 annualized dividend and a yield of 1.96%. Comcast’s dividend payout ratio (DPR) is presently 29.39%.

A number of research firms recently commented on CMCSA. Citigroup upped their price target on shares of Comcast from $48.00 to $49.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Sanford C. Bernstein upgraded shares of Comcast from a “market perform” rating to an “outperform” rating and upped their price target for the company from $48.00 to $52.00 in a report on Wednesday, July 1st. Pivotal Research upped their price objective on shares of Comcast from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday. Benchmark restated a “buy” rating and issued a $54.00 price objective on shares of Comcast in a report on Friday, May 22nd. Finally, BidaskClub upgraded shares of Comcast from a “hold” rating to a “buy” rating in a report on Friday, September 11th. Nine equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Comcast currently has a consensus rating of “Buy” and a consensus target price of $48.77.

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