Reynders McVeigh Capital Management LLC reduced its holdings in Comcast Co. (NASDAQ:CMCSA) by 46.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,548 shares of the cable giant’s stock after selling 9,172 shares during the period. Reynders McVeigh Capital Management LLC’s holdings in Comcast were worth $346,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CMCSA. Argent Trust Co increased its holdings in Comcast by 16.7% in the 4th quarter. Argent Trust Co now owns 30,805 shares of the cable giant’s stock valued at $1,234,000 after buying an additional 4,417 shares during the period. HL Financial Services LLC increased its holdings in Comcast by 10.1% in the 1st quarter. HL Financial Services LLC now owns 160,036 shares of the cable giant’s stock valued at $5,468,000 after buying an additional 14,737 shares during the period. FDx Advisors Inc. increased its holdings in Comcast by 13.9% in the 1st quarter. FDx Advisors Inc. now owns 169,959 shares of the cable giant’s stock valued at $5,808,000 after buying an additional 20,722 shares during the period. Daiwa Securities Group Inc. increased its holdings in Comcast by 16.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 271,963 shares of the cable giant’s stock valued at $9,293,000 after buying an additional 37,412 shares during the period. Finally, Dupont Capital Management Corp increased its holdings in Comcast by 4.0% in the 1st quarter. Dupont Capital Management Corp now owns 807,623 shares of the cable giant’s stock valued at $27,596,000 after buying an additional 31,249 shares during the period. 80.24% of the stock is currently owned by institutional investors.

NASDAQ:CMCSA opened at $36.68 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 0.96. Comcast Co. has a one year low of $30.43 and a one year high of $44.00. The company has a market cap of $168.83 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 1.17 and a beta of 1.23.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 26th. The cable giant reported $0.65 EPS for the quarter, topping the consensus estimate of $0.61 by $0.04. Comcast had a net margin of 27.42% and a return on equity of 15.92%. The business had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.85 billion. During the same period last year, the company earned $0.52 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. analysts expect that Comcast Co. will post 2.55 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 24th. Investors of record on Wednesday, October 3rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, October 2nd. This represents a $0.76 annualized dividend and a yield of 2.07%. Comcast’s dividend payout ratio is presently 36.89%.

In related news, SVP Daniel C. Murdock sold 1,694 shares of Comcast stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $31.05, for a total transaction of $52,598.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.31% of the stock is owned by company insiders.

Several research firms have commented on CMCSA. BidaskClub raised shares of Comcast from a “sell” rating to a “hold” rating in a report on Friday, June 15th. Pivotal Research reissued a “buy” rating on shares of Comcast in a report on Friday, August 10th. Jefferies Financial Group initiated coverage on shares of Comcast in a report on Thursday, June 7th. They set a “buy” rating and a $41.00 price target on the stock. Atlantic Securities lowered shares of Comcast from an “overweight” rating to a “neutral” rating in a report on Tuesday, May 8th. Finally, Raymond James raised shares of Comcast from a “market perform” rating to an “outperform” rating in a report on Thursday, July 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.79.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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