Cascadia Advisory Services LLC Has $855,000 Holdings in Comcast Co. (NASDAQ:CMCSA)

Cascadia Advisory Services LLC cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,996 shares of the cable giant’s stock after selling 266 shares during the period. Cascadia Advisory Services LLC’s holdings in Comcast were worth $855,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Comcast by 16.7% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 275,912 shares of the cable giant’s stock worth $15,733,000 after buying an additional 39,500 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in Comcast by 22.1% during the second quarter. IFM Investors Pty Ltd now owns 607,787 shares of the cable giant’s stock worth $34,656,000 after buying an additional 109,986 shares during the last quarter. V Wealth Advisors LLC increased its holdings in Comcast by 17.6% during the second quarter. V Wealth Advisors LLC now owns 26,802 shares of the cable giant’s stock worth $1,530,000 after buying an additional 4,012 shares during the last quarter. Mount Yale Investment Advisors LLC increased its holdings in Comcast by 8.1% during the second quarter. Mount Yale Investment Advisors LLC now owns 126,531 shares of the cable giant’s stock worth $7,215,000 after buying an additional 9,482 shares during the last quarter. Finally, Trust Co. of Oklahoma increased its holdings in Comcast by 11.6% during the second quarter. Trust Co. of Oklahoma now owns 26,430 shares of the cable giant’s stock worth $1,507,000 after buying an additional 2,745 shares during the last quarter. Institutional investors own 82.49% of the company’s stock.

Shares of NASDAQ CMCSA opened at $56.53 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.04. The company has a market cap of $259.46 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 1.17 and a beta of 1.02. Comcast Co. has a 12 month low of $40.97 and a 12 month high of $61.80. The stock has a 50-day moving average price of $58.76 and a two-hundred day moving average price of $57.08.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 29th. The cable giant reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.17. The firm had revenue of $28.55 billion during the quarter, compared to the consensus estimate of $27.14 billion. Comcast had a return on equity of 14.15% and a net margin of 11.44%. On average, sell-side analysts predict that Comcast Co. will post 3.14 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 27th. Stockholders of record on Wednesday, October 6th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Tuesday, October 5th. Comcast’s dividend payout ratio is currently 38.31%.

CMCSA has been the subject of a number of research analyst reports. Benchmark lifted their price objective on shares of Comcast from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 12th. Credit Suisse Group lifted their price objective on shares of Comcast from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, July 30th. Truist Securities lifted their price objective on shares of Comcast from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 30th. Truist lifted their price objective on shares of Comcast from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 30th. Finally, Loop Capital initiated coverage on shares of Comcast in a research report on Monday. They set a “buy” rating and a $71.00 price objective for the company. One investment analyst has rated the stock with a sell rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $65.20.

Comcast Company Profile

Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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