Rothschild Capital Partners LLC cut its stake in Comcast Corporation (NASDAQ:CMCSA) by 19.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,758 shares of the cable giant’s stock after selling 27,668 shares during the period. Comcast Corporation makes up about 2.0% of Rothschild Capital Partners LLC’s investment portfolio, making the stock its 21st largest position. Rothschild Capital Partners LLC’s holdings in Comcast Corporation were worth $4,350,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Forsta AP Fonden raised its stake in Comcast Corporation by 29.2% in the second quarter. Forsta AP Fonden now owns 1,291,162 shares of the cable giant’s stock valued at $50,252,000 after buying an additional 292,000 shares during the last quarter. Farmers & Merchants Investments Inc. raised its stake in Comcast Corporation by 7.8% in the second quarter. Farmers & Merchants Investments Inc. now owns 348,469 shares of the cable giant’s stock valued at $13,562,000 after buying an additional 25,304 shares during the last quarter. Wright Investors Service Inc. raised its stake in Comcast Corporation by 5.2% in the second quarter. Wright Investors Service Inc. now owns 179,255 shares of the cable giant’s stock valued at $6,976,000 after buying an additional 8,893 shares during the last quarter. Rothschild Investment Corp IL raised its stake in Comcast Corporation by 112.8% in the second quarter. Rothschild Investment Corp IL now owns 46,484 shares of the cable giant’s stock valued at $1,809,000 after buying an additional 24,640 shares during the last quarter. Finally, Sabal Trust CO raised its stake in Comcast Corporation by 0.6% in the second quarter. Sabal Trust CO now owns 14,379 shares of the cable giant’s stock valued at $559,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 82.87% of the company’s stock.

Comcast Corporation (CMCSA) traded up 0.60% during midday trading on Friday, reaching $40.51. 11,554,151 shares of the company’s stock traded hands. The stock has a market cap of $190.94 billion, a PE ratio of 20.41 and a beta of 1.01. The stock’s 50 day moving average price is $39.66 and its 200-day moving average price is $38.89. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18.

Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. The business had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 EPS. Equities analysts predict that Comcast Corporation will post $2.04 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a dividend of $0.1575 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.56%. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.

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Several analysts have recently issued reports on the stock. Argus upped their target price on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Guggenheim upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and upped their target price for the stock from $42.00 to $46.00 in a research note on Thursday, August 3rd. Barclays PLC set a $44.00 target price on shares of Comcast Corporation and gave the stock a “buy” rating in a research note on Friday, July 14th. ValuEngine upgraded shares of Comcast Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, TD Securities assumed coverage on shares of Comcast Corporation in a research note on Thursday, July 13th. They issued a “buy” rating and a $51.00 target price for the company. Two analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $45.69.

In related news, Director Kenneth J. Bacon sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the transaction, the director now directly owns 26,812 shares in the company, valued at approximately $1,085,886. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the transaction, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.

About Comcast Corporation

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

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