Fidelity D & D Bancorp Inc. Trims Stake in Comcast Co. (NASDAQ:CMCSA)

Fidelity D & D Bancorp Inc. lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 6.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,400 shares of the cable giant’s stock after selling 379 shares during the quarter. Fidelity D & D Bancorp Inc.’s holdings in Comcast were worth $211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CMCSA. Brevan Howard Capital Management LP purchased a new position in Comcast during the fourth quarter valued at approximately $2,056,000. Hotchkis & Wiley Capital Management LLC boosted its holdings in Comcast by 3.4% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock worth $495,694,000 after buying an additional 368,685 shares during the period. Capital Investment Advisors LLC increased its stake in Comcast by 4.5% in the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after buying an additional 1,550 shares in the last quarter. First Hawaiian Bank raised its holdings in Comcast by 8.9% during the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock valued at $7,513,000 after acquiring an additional 15,664 shares during the period. Finally, Gilbert & Cook Inc. lifted its position in shares of Comcast by 10.3% in the fourth quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock valued at $685,000 after acquiring an additional 1,459 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CMCSA. Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. Benchmark restated a “buy” rating and set a $55.00 price objective on shares of Comcast in a research report on Monday, May 13th. KeyCorp decreased their target price on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price target on shares of Comcast in a report on Wednesday, July 24th. Finally, Macquarie reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Comcast in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $45.78.

Comcast Trading Down 0.5 %

NASDAQ:CMCSA opened at $39.61 on Friday. The firm has a 50-day simple moving average of $39.24 and a 200-day simple moving average of $39.85. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The firm has a market cap of $155.41 billion, a P/E ratio of 10.48, a P/E/G ratio of 1.05 and a beta of 1.00. 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 (NASDAQ:CMCSA) last announced its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same period last year, the business posted $1.13 EPS. Equities analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be paid a $0.31 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.13%. Comcast’s dividend payout ratio (DPR) is 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.