Comcast Corporation $CMCSA Shares Sold by Paragon Capital Management Ltd

Paragon Capital Management Ltd trimmed its holdings in Comcast Corporation (NASDAQ:CMCSA) by 5.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,719 shares of the cable giant’s stock after selling 1,830 shares during the period. Paragon Capital Management Ltd’s holdings in Comcast were worth $1,061,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of CMCSA. Nuveen LLC acquired a new stake in shares of Comcast in the first quarter valued at about $940,015,000. Dodge & Cox raised its position in shares of Comcast by 19.1% in the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after buying an additional 15,115,074 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Comcast by 1,959.3% in the first quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock valued at $488,140,000 after buying an additional 12,586,329 shares during the last quarter. KBC Group NV raised its position in shares of Comcast by 724.7% in the first quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock valued at $374,927,000 after buying an additional 8,928,641 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in Comcast by 119.1% during the first quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock worth $280,238,000 after purchasing an additional 4,128,434 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of CMCSA opened at $31.72 on Friday. Comcast Corporation has a 1-year low of $31.03 and a 1-year high of $45.31. The stock has a market cap of $117.12 billion, a PE ratio of 5.24, a P/E/G ratio of 1.90 and a beta of 0.93. The firm has a 50-day simple moving average of $33.13 and a two-hundred day simple moving average of $34.32. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business had revenue of $30.31 billion during the quarter, compared to analysts’ expectations of $29.81 billion. During the same period last year, the business earned $1.21 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. Comcast’s dividend payout ratio (DPR) is presently 21.82%.

Analyst Ratings Changes

CMCSA has been the subject of several recent analyst reports. Royal Bank Of Canada initiated coverage on shares of Comcast in a research report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price objective for the company. Morgan Stanley cut their price objective on shares of Comcast from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, August 4th. Citigroup restated a “buy” rating on shares of Comcast in a research report on Tuesday, August 26th. The Goldman Sachs Group cut their price objective on shares of Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Barclays cut their price objective on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Comcast presently has a consensus rating of “Hold” and an average price target of $40.19.

Comcast Company Profile

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.