Woodstock Corp Trims Stock Holdings in Comcast Corporation $CMCSA

Woodstock Corp reduced its stake in Comcast Corporation (NASDAQ:CMCSA) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142,340 shares of the cable giant’s stock after selling 2,200 shares during the period. Woodstock Corp’s holdings in Comcast were worth $5,080,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Inlight Wealth Management LLC purchased a new stake in Comcast in the 1st quarter valued at about $26,000. Ransom Advisory Ltd purchased a new stake in Comcast in the 1st quarter valued at about $29,000. Abound Financial LLC purchased a new stake in Comcast in the 1st quarter valued at about $29,000. Retirement Wealth Solutions LLC raised its holdings in Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock valued at $30,000 after buying an additional 448 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new position in Comcast in the 4th quarter valued at about $33,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Price Performance

Comcast stock opened at $32.62 on Tuesday. Comcast Corporation has a 12 month low of $31.03 and a 12 month high of $45.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The business has a 50 day simple moving average of $33.73 and a 200-day simple moving average of $34.56. The stock has a market capitalization of $120.44 billion, a PE ratio of 5.39, a price-to-earnings-growth ratio of 1.98 and a beta of 0.93.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. The firm had revenue of $30.31 billion during the quarter, compared to analysts’ expectations of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%.Comcast’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.21 earnings per share. Equities analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.0%. Comcast’s dividend payout ratio is 21.82%.

Analyst Ratings Changes

Several research firms have weighed in on CMCSA. Rosenblatt Securities lifted their target price on Comcast from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. Scotiabank lifted their target price on Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a research report on Friday, July 11th. Citigroup reaffirmed a “buy” rating on shares of Comcast in a research report on Tuesday, August 26th. Benchmark reaffirmed a “buy” rating on shares of Comcast in a research report on Friday, July 18th. Finally, Royal Bank Of Canada began coverage on Comcast in a research report on Monday, September 8th. They issued a “sector perform” rating and a $38.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $40.56.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.