Gofen & Glossberg LLC IL Buys 14,246 Shares of Comcast Co. (NASDAQ:CMCSA)

Gofen & Glossberg LLC IL grew its stake in Comcast Co. (NASDAQ:CMCSAGet Rating) by 1.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,306,585 shares of the cable giant’s stock after acquiring an additional 14,246 shares during the period. Comcast accounts for about 1.4% of Gofen & Glossberg LLC IL’s investment portfolio, making the stock its 17th biggest position. Gofen & Glossberg LLC IL’s holdings in Comcast were worth $51,270,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CMCSA. Calton & Associates Inc. boosted its stake in Comcast by 3.1% in the 1st quarter. Calton & Associates Inc. now owns 7,021 shares of the cable giant’s stock worth $328,000 after purchasing an additional 212 shares during the period. Pacifica Partners Inc. boosted its stake in Comcast by 33.8% in the 1st quarter. Pacifica Partners Inc. now owns 989 shares of the cable giant’s stock worth $46,000 after purchasing an additional 250 shares during the period. Family Legacy Inc. boosted its stake in Comcast by 5.5% in the 1st quarter. Family Legacy Inc. now owns 4,816 shares of the cable giant’s stock worth $225,000 after purchasing an additional 250 shares during the period. Mascoma Wealth Management LLC boosted its stake in Comcast by 7.9% in the 1st quarter. Mascoma Wealth Management LLC now owns 3,491 shares of the cable giant’s stock worth $163,000 after purchasing an additional 257 shares during the period. Finally, Atticus Wealth Management LLC boosted its stake in Comcast by 9.0% in the 1st quarter. Atticus Wealth Management LLC now owns 3,119 shares of the cable giant’s stock worth $146,000 after purchasing an additional 258 shares during the period. 82.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CMCSA. TheStreet lowered shares of Comcast from a “b-” rating to a “c+” rating in a research note on Friday, July 29th. Vertical Research downgraded shares of Comcast to a “positive” rating in a research note on Tuesday, July 5th. Cowen reduced their price objective on shares of Comcast from $60.00 to $51.00 in a research note on Friday, July 29th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Finally, Barclays reduced their price objective on shares of Comcast to $42.00 in a research note on Tuesday, August 9th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $51.75.

Comcast Stock Performance

Comcast stock traded down $0.16 during trading hours on Thursday, hitting $32.54. The company had a trading volume of 1,130,648 shares, compared to its average volume of 27,124,938. The firm has a market cap of $143.61 billion, a PE ratio of 10.66, a PEG ratio of 0.69 and a beta of 0.90. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.88 and a quick ratio of 0.88. Comcast Co. has a one year low of $32.68 and a one year high of $57.96. The firm has a 50-day moving average of $37.87 and a 200 day moving average of $41.47.

Comcast (NASDAQ:CMCSAGet Rating) last released its quarterly earnings results on Thursday, July 28th. The cable giant reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.09. The firm had revenue of $30.02 billion for the quarter, compared to analysts’ expectations of $29.72 billion. Comcast had a net margin of 11.54% and a return on equity of 16.67%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 EPS. On average, sell-side analysts expect that Comcast Co. will post 3.62 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be issued a $0.27 dividend. The ex-dividend date is Tuesday, October 4th. This represents a $1.08 annualized dividend and a yield of 3.32%. Comcast’s dividend payout ratio is currently 35.29%.

About Comcast

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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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