Reilly Financial Advisors LLC Cuts Stake in Comcast Co. (NASDAQ:CMCSA)
Reilly Financial Advisors LLC lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 288,184 shares of the cable giant’s stock after selling 2,667 shares during the period. Comcast comprises 1.5% of Reilly Financial Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Reilly Financial Advisors LLC’s holdings in Comcast were worth $12,184,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Archford Capital Strategies LLC lifted its holdings in Comcast by 6.2% during the 2nd quarter. Archford Capital Strategies LLC now owns 4,134 shares of the cable giant’s stock worth $175,000 after buying an additional 240 shares in the last quarter. SevenBridge Financial Group LLC lifted its holdings in Comcast by 0.6% during the 2nd quarter. SevenBridge Financial Group LLC now owns 41,429 shares of the cable giant’s stock worth $1,752,000 after buying an additional 249 shares in the last quarter. Camarda Financial Advisors LLC lifted its holdings in Comcast by 8.1% during the 1st quarter. Camarda Financial Advisors LLC now owns 3,331 shares of the cable giant’s stock worth $133,000 after buying an additional 250 shares in the last quarter. Mechanics Bank Trust Department lifted its holdings in Comcast by 1.8% during the 2nd quarter. Mechanics Bank Trust Department now owns 13,918 shares of the cable giant’s stock worth $588,000 after buying an additional 252 shares in the last quarter. Finally, Alpha Omega Wealth Management LLC lifted its holdings in Comcast by 3.5% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 7,631 shares of the cable giant’s stock worth $305,000 after buying an additional 255 shares in the last quarter. 82.58% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Daniel C. Murdock sold 1,701 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $41.46, for a total value of $70,523.46. Following the transaction, the senior vice president now directly owns 4,712 shares of the company’s stock, valued at approximately $195,359.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.35% of the company’s stock.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 25th. The cable giant reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.03. The firm had revenue of $26.86 billion for the quarter, compared to the consensus estimate of $27.08 billion. Comcast had a net margin of 11.64% and a return on equity of 17.50%. The company’s revenue was up 23.6% on a year-over-year basis. During the same period last year, the firm posted $0.65 EPS. Research analysts predict that Comcast Co. will post 3.05 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Tuesday, July 2nd. Comcast’s dividend payout ratio (DPR) is 32.94%.
A number of equities research analysts have issued reports on the stock. Morgan Stanley set a $112.00 target price on shares of Tractor Supply and gave the stock a “hold” rating in a report on Friday. Barclays set a $46.00 price objective on shares of D. R. Horton and gave the company a “buy” rating in a report on Friday, April 26th. Guggenheim restated a “hold” rating on shares of Burlington Stores in a report on Thursday, May 30th. Rosenblatt Securities began coverage on shares of Comcast in a report on Friday, June 14th. They issued a “buy” rating and a $50.00 price objective on the stock. Finally, Raymond James restated a “hold” rating on shares of Broadcom in a report on Friday, June 14th. Six investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $45.06.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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