Hedeker Wealth LLC Sells 15,515 Shares of Comcast Co. (NASDAQ:CMCSA)

Hedeker Wealth LLC decreased its position in Comcast Co. (NASDAQ:CMCSA) by 13.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,638 shares of the cable giant’s stock after selling 15,515 shares during the quarter. Hedeker Wealth LLC’s holdings in Comcast were worth $3,902,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Boomfish Wealth Group LLC lifted its holdings in Comcast by 12.9% during the second quarter. Boomfish Wealth Group LLC now owns 34,876 shares of the cable giant’s stock valued at $1,366,000 after purchasing an additional 3,979 shares during the last quarter. Meridian Financial Partners LLC lifted its holdings in Comcast by 6.5% during the second quarter. Meridian Financial Partners LLC now owns 31,469 shares of the cable giant’s stock valued at $1,263,000 after purchasing an additional 1,909 shares during the last quarter. Harrell Investment Partners LLC lifted its holdings in Comcast by 6.4% during the second quarter. Harrell Investment Partners LLC now owns 101,934 shares of the cable giant’s stock valued at $3,992,000 after purchasing an additional 6,169 shares during the last quarter. Everpar Advisors LLC purchased a new stake in Comcast during the second quarter valued at about $377,000. Finally, Oak Harbor Wealth Partners LLC lifted its holdings in Comcast by 6.1% during the second quarter. Oak Harbor Wealth Partners LLC now owns 40,367 shares of the cable giant’s stock valued at $1,581,000 after purchasing an additional 2,312 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ:CMCSA traded up $0.10 during trading hours on Friday, reaching $39.62. The stock had a trading volume of 14,170,218 shares, compared to its average volume of 20,335,717. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.30. The company has a 50 day moving average price of $38.71 and a two-hundred day moving average price of $40.18. The stock has a market capitalization of $155.45 billion, a PE ratio of 10.48, a PEG ratio of 1.07 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. The business had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.13 EPS. As a group, sell-side analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Analyst Ratings Changes

CMCSA has been the topic of a number of recent analyst reports. Pivotal Research lowered their price target on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. The Goldman Sachs Group initiated coverage on shares of Comcast in a report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price target on the stock. Macquarie reissued a “neutral” rating and issued a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of Comcast in a report on Monday, May 13th. Finally, Wells Fargo & Company lowered their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Comcast currently has an average rating of “Hold” and an average price target of $45.78.

Insider Transactions at Comcast

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

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.