Rafferty Asset Management LLC Sells 856 Shares of Comcast Co. (NASDAQ:CMCSA)

Rafferty Asset Management LLC trimmed its stake in Comcast Co. (NASDAQ:CMCSA) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,248 shares of the cable giant’s stock after selling 856 shares during the period. Rafferty Asset Management LLC’s holdings in Comcast were worth $4,006,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Strategic Wealth Advisors Group LLC grew its position in Comcast by 13.9% in the second quarter. Strategic Wealth Advisors Group LLC now owns 66,549 shares of the cable giant’s stock valued at $3,795,000 after acquiring an additional 8,112 shares during the period. Jupiter Asset Management Ltd. grew its position in Comcast by 5.3% in the second quarter. Jupiter Asset Management Ltd. now owns 1,227,912 shares of the cable giant’s stock valued at $70,016,000 after acquiring an additional 61,872 shares during the period. Minot Capital LP grew its position in Comcast by 1.1% in the second quarter. Minot Capital LP now owns 827,191 shares of the cable giant’s stock valued at $47,166,000 after acquiring an additional 8,802 shares during the period. Fermata Advisors LLC bought a new stake in Comcast in the second quarter valued at $462,000. Finally, Centaurus Financial Inc. grew its position in Comcast by 7.2% in the second quarter. Centaurus Financial Inc. now owns 2,906 shares of the cable giant’s stock valued at $166,000 after acquiring an additional 196 shares during the period. Hedge funds and other institutional investors own 82.49% of the company’s stock.

A number of equities analysts have commented on the company. Raymond James boosted their price objective on Comcast from $63.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, July 9th. Truist boosted their price objective on Comcast from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on Comcast from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, July 30th. Benchmark boosted their price objective on Comcast from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, July 12th. Finally, HSBC boosted their price objective on Comcast from $56.00 to $64.00 and gave the stock a “buy” rating in a research note on Monday, May 24th. One equities research analyst has rated the stock with a sell rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $64.93.

NASDAQ CMCSA opened at $55.59 on Wednesday. The stock has a 50-day simple moving average of $58.89 and a 200 day simple moving average of $57.00. The company has a market capitalization of $255.14 billion, a PE ratio of 20.74, a P/E/G ratio of 1.20 and a beta of 1.02. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.04. Comcast Co. has a 12 month low of $40.97 and a 12 month high of $61.80.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 29th. The cable giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.17. The business 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%. As a group, sell-side analysts predict that Comcast Co. will post 3.14 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 27th. Investors of record on Wednesday, October 6th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, October 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.80%. Comcast’s dividend payout ratio is presently 38.31%.

About Comcast

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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