YHB Investment Advisors Inc. Reduces Position in Comcast Corporation $CMCSA

YHB Investment Advisors Inc. decreased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 37.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,512 shares of the cable giant’s stock after selling 27,431 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Comcast were worth $1,117,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CMCSA. Vanguard Group Inc. boosted its stake in Comcast by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after buying an additional 2,160,829 shares during the period. North Dakota State Investment Board purchased a new stake in shares of Comcast in the 4th quarter valued at about $3,754,000. Inceptionr LLC bought a new stake in shares of Comcast during the 1st quarter valued at about $660,000. Bank of America Corp DE grew its holdings in shares of Comcast by 10.2% during the first quarter. Bank of America Corp DE now owns 40,864,921 shares of the cable giant’s stock worth $1,173,232,000 after purchasing an additional 3,783,234 shares in the last quarter. Finally, Vest Financial LLC increased its position in shares of Comcast by 72.1% in the fourth quarter. Vest Financial LLC now owns 232,883 shares of the cable giant’s stock worth $6,961,000 after purchasing an additional 97,601 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of research reports. Barclays set a $26.00 price target on shares of Comcast and gave the stock an “equal weight” rating in a research note on Friday, July 24th. BNP Paribas Exane dropped their price objective on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a report on Tuesday, July 14th. Scotiabank set a $29.00 target price on Comcast in a research note on Friday, July 24th. New Street Research lowered their price target on Comcast from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, June 25th. Finally, UBS Group reiterated a “neutral” rating on shares of Comcast in a report on Tuesday, June 23rd. Eleven research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $32.96.

Comcast Price Performance

CMCSA opened at $25.47 on Thursday. The stock’s 50 day simple moving average is $23.74 and its 200 day simple moving average is $26.92. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. Comcast Corporation has a 1 year low of $21.28 and a 1 year high of $34.45. The firm has a market cap of $90.38 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 1.46 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $29.94 billion during the quarter, compared to the consensus estimate of $29.24 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The business’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.25 earnings per share. As a group, analysts predict that Comcast Corporation will post 3.52 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, October 7th. Comcast’s payout ratio is presently 42.72%.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.