Martin Capital Partners LLC Lowers Holdings in Comcast Co. (NASDAQ:CMCSA)

Martin Capital Partners LLC lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 159,501 shares of the cable giant’s stock after selling 2,251 shares during the period. Comcast accounts for approximately 2.7% of Martin Capital Partners LLC’s holdings, making the stock its 11th biggest position. Martin Capital Partners LLC’s holdings in Comcast were worth $6,914,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CMCSA. Paralel Advisors LLC raised its position in Comcast by 1.1% in the 3rd quarter. Paralel Advisors LLC now owns 50,446 shares of the cable giant’s stock worth $2,237,000 after purchasing an additional 569 shares during the period. Sargent Investment Group LLC lifted its position in shares of Comcast by 9.6% during the third quarter. Sargent Investment Group LLC now owns 10,516 shares of the cable giant’s stock worth $466,000 after purchasing an additional 917 shares during the last quarter. Aigen Investment Management LP grew its holdings in shares of Comcast by 301.8% in the third quarter. Aigen Investment Management LP now owns 48,448 shares of the cable giant’s stock worth $2,148,000 after purchasing an additional 36,390 shares during the last quarter. Glenview Trust co increased its stake in Comcast by 5.3% in the 3rd quarter. Glenview Trust co now owns 298,702 shares of the cable giant’s stock worth $13,244,000 after buying an additional 15,133 shares during the period. Finally, Interchange Capital Partners LLC lifted its holdings in Comcast by 4.1% during the 3rd quarter. Interchange Capital Partners LLC now owns 13,520 shares of the cable giant’s stock valued at $600,000 after buying an additional 531 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Transactions at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the sale, the insider now directly owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective on the stock. in a report on Tuesday, June 11th. Evercore ISI restated an “outperform” rating and set a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. Finally, Macquarie reduced their target price on shares of Comcast from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.83.

Comcast Stock Down 1.1 %

Shares of Comcast stock traded down $0.41 on Wednesday, reaching $36.90. 22,444,935 shares of the company were exchanged, compared to its average volume of 17,129,264. The stock’s 50 day moving average price is $38.93 and its 200-day moving average price is $41.61. The company has a market cap of $144.78 billion, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 0.93 and a beta of 1.00. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. During the same quarter last year, the company earned $0.92 EPS. The business’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities analysts forecast that Comcast Co. will post 4.21 EPS for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s dividend payout ratio is currently 32.80%.

Comcast 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.