Prime Capital Investment Advisors LLC Sells 24,342 Shares of Comcast Co. (NASDAQ:CMCSA)

Prime Capital Investment Advisors LLC cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 32.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,308 shares of the cable giant’s stock after selling 24,342 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Comcast were worth $2,101,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in Comcast by 28.3% during the first quarter. Brighton Jones LLC now owns 182,732 shares of the cable giant’s stock worth $7,921,000 after purchasing an additional 40,311 shares during the last quarter. Lindenwold Advisors INC boosted its holdings in Comcast by 2.9% during the first quarter. Lindenwold Advisors INC now owns 30,665 shares of the cable giant’s stock worth $1,329,000 after purchasing an additional 860 shares during the last quarter. Cumberland Partners Ltd boosted its holdings in Comcast by 41.3% during the first quarter. Cumberland Partners Ltd now owns 55,500 shares of the cable giant’s stock worth $2,406,000 after purchasing an additional 16,213 shares during the last quarter. 1ST Source Bank boosted its holdings in Comcast by 2.5% during the first quarter. 1ST Source Bank now owns 24,590 shares of the cable giant’s stock worth $1,066,000 after purchasing an additional 608 shares during the last quarter. Finally, Motco boosted its holdings in Comcast by 2.3% during the first quarter. Motco now owns 349,628 shares of the cable giant’s stock worth $15,156,000 after purchasing an additional 7,789 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Stock Performance

Shares of CMCSA stock opened at $43.91 on Thursday. The stock has a market capitalization of $168.02 billion, a P/E ratio of 11.80, a PEG ratio of 1.67 and a beta of 1.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm’s 50 day moving average is $41.36 and its 200 day moving average is $39.79. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Comcast’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.08 EPS. On average, sell-side analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CMCSA shares. Macquarie restated a “neutral” rating and set a $40.00 price target on shares of Comcast in a report on Friday, November 1st. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $47.75 to $48.00 in a research note on Friday, November 1st. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Barclays boosted their target price on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.75.

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.