Comcast Corporation $CMCSA Shares Sold by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC trimmed its stake in Comcast Corporation (NASDAQ:CMCSA) by 27.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 61,768 shares of the cable giant’s stock after selling 23,952 shares during the quarter. Murphy Pohlad Asset Management LLC’s holdings in Comcast were worth $1,516,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Empirical Finance LLC raised its holdings in Comcast by 8.0% during the 2nd quarter. Empirical Finance LLC now owns 164,926 shares of the cable giant’s stock worth $4,049,000 after buying an additional 12,262 shares during the period. Nykredit A S acquired a new position in shares of Comcast during the 2nd quarter worth about $137,515,000. Parkside Financial Bank & Trust increased its holdings in shares of Comcast by 5.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 32,274 shares of the cable giant’s stock worth $845,000 after purchasing an additional 1,684 shares during the period. Brown Lisle Cummings Inc. lifted its position in shares of Comcast by 1.8% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 29,207 shares of the cable giant’s stock worth $718,000 after acquiring an additional 508 shares during the period. Finally, VELA Investment Management LLC increased its position in shares of Comcast by 46.3% during the second quarter. VELA Investment Management LLC now owns 18,132 shares of the cable giant’s stock valued at $445,000 after purchasing an additional 5,739 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CMCSA shares. Freedom Capital raised Comcast to a “hold” rating in a report on Friday, June 12th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $28.00 price objective on shares of Comcast in a research note on Monday, July 13th. Seaport Research Partners raised Comcast from a “neutral” rating to a “buy” rating in a report on Thursday, July 2nd. Royal Bank Of Canada set a $26.00 price objective on Comcast and gave the company a “sector perform” rating in a research report on Friday, July 24th. Finally, New Street Research decreased their target price on Comcast from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, June 25th. Eleven analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $32.96.

Comcast Trading Down 0.6%

CMCSA traded down $0.16 during mid-day trading on Tuesday, reaching $26.33. The stock had a trading volume of 27,064,002 shares, compared to its average volume of 32,789,871. The firm’s fifty day simple moving average is $24.94 and its two-hundred day simple moving average is $26.38. The stock has a market capitalization of $93.44 billion, a P/E ratio of 8.52, a P/E/G ratio of 1.88 and a beta of 0.68. Comcast Corporation has a 52 week low of $21.28 and a 52 week high of $34.04. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The business had revenue of $29.94 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same quarter in the prior year, the firm posted $1.25 earnings per share. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities analysts predict that Comcast Corporation will post 3.52 EPS for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be given a $0.33 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 annualized dividend and a dividend yield of 5.0%. Comcast’s payout ratio is currently 42.72%.

Comcast Company Profile

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.