Mcdonald Capital Investors Inc. CA Cuts Position in Comcast Co. (NASDAQ:CMCSA)

Mcdonald Capital Investors Inc. CA decreased its position in Comcast Co. (NASDAQ:CMCSA) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,468,182 shares of the cable giant’s stock after selling 43,764 shares during the quarter. Comcast accounts for approximately 4.6% of Mcdonald Capital Investors Inc. CA’s portfolio, making the stock its 11th largest position. Mcdonald Capital Investors Inc. CA’s holdings in Comcast were worth $61,003,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Buckingham Capital Management Inc. lifted its position in shares of Comcast by 1.3% in the second quarter. Buckingham Capital Management Inc. now owns 32,167 shares of the cable giant’s stock valued at $1,337,000 after acquiring an additional 402 shares in the last quarter. Beese Fulmer Investment Management Inc. lifted its position in shares of Comcast by 0.4% in the second quarter. Beese Fulmer Investment Management Inc. now owns 332,920 shares of the cable giant’s stock valued at $13,833,000 after acquiring an additional 1,266 shares in the last quarter. Ferguson Wellman Capital Management Inc. lifted its position in shares of Comcast by 20.0% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 1,302,829 shares of the cable giant’s stock valued at $54,133,000 after acquiring an additional 216,701 shares in the last quarter. Capital Investment Advisors LLC lifted its position in shares of Comcast by 2.5% in the second quarter. Capital Investment Advisors LLC now owns 34,712 shares of the cable giant’s stock valued at $1,442,000 after acquiring an additional 849 shares in the last quarter. Finally, Janiczek Wealth Management LLC lifted its position in Comcast by 2.3% during the second quarter. Janiczek Wealth Management LLC now owns 12,452 shares of the cable giant’s stock worth $517,000 after buying an additional 282 shares during the period. Hedge funds and other institutional investors own 82.85% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wolfe Research upgraded shares of Comcast from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, August 2nd. Macquarie upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $46.00 price objective on the stock in a research note on Friday, July 28th. Barclays lifted their price target on shares of Comcast from $42.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Monday, July 31st. StockNews.com initiated coverage on shares of Comcast in a research note on Thursday, August 17th. They issued a “strong-buy” rating for the company. Finally, Argus lifted their price target on shares of Comcast from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Seven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.88.

Comcast Stock Performance

Shares of NASDAQ:CMCSA traded up $0.40 during mid-day trading on Monday, reaching $45.74. The company had a trading volume of 691,399 shares, compared to its average volume of 18,744,699. The company’s 50-day moving average price is $44.84 and its 200-day moving average price is $41.06. The firm has a market cap of $188.68 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 1.25 and a beta of 0.99. Comcast Co. has a one year low of $28.39 and a one year high of $47.46. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.12.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 27th. The cable giant reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.15. The business had revenue of $30.51 billion during the quarter, compared to analysts’ expectations of $30.11 billion. Comcast had a return on equity of 19.79% and a net margin of 5.40%. The business’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the business posted $1.01 EPS. As a group, equities research analysts anticipate that Comcast Co. will post 3.81 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a $0.29 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $1.16 annualized dividend and a yield of 2.54%. Comcast’s payout ratio is 73.42%.

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, advertising sales, and Sky channels.