Comcast Corporation $CMCSA Stock Holdings Lessened by Praxis Investment Management Inc.

Praxis Investment Management Inc. lowered its stake in Comcast Corporation (NASDAQ:CMCSA) by 5.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 114,240 shares of the cable giant’s stock after selling 6,870 shares during the period. Praxis Investment Management Inc.’s holdings in Comcast were worth $4,077,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after buying an additional 99,986 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Comcast by 19.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 883,677 shares of the cable giant’s stock worth $32,608,000 after buying an additional 143,593 shares during the period. Sowell Financial Services LLC raised its holdings in shares of Comcast by 75.0% during the first quarter. Sowell Financial Services LLC now owns 30,928 shares of the cable giant’s stock valued at $1,141,000 after acquiring an additional 13,254 shares during the period. Cornerstone Wealth Management LLC raised its holdings in shares of Comcast by 4.0% during the first quarter. Cornerstone Wealth Management LLC now owns 8,440 shares of the cable giant’s stock valued at $311,000 after acquiring an additional 323 shares during the period. Finally, Kingswood Wealth Advisors LLC raised its holdings in shares of Comcast by 26.7% during the first quarter. Kingswood Wealth Advisors LLC now owns 17,046 shares of the cable giant’s stock valued at $628,000 after acquiring an additional 3,588 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CMCSA has been the topic of a number of recent analyst reports. Benchmark restated a “buy” rating on shares of Comcast in a report on Friday, July 18th. KeyCorp cut their target price on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, October 3rd. Loop Capital dropped their price target on Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, October 1st. Rothschild & Co Redburn dropped their price target on Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Finally, Arete Research upgraded Comcast to a “hold” rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Comcast has an average rating of “Hold” and an average price target of $39.94.

Comcast Stock Performance

Shares of CMCSA stock opened at $29.26 on Friday. 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 Corporation has a fifty-two week low of $29.15 and a fifty-two week high of $45.31. The stock’s 50-day moving average is $32.27 and its two-hundred day moving average is $33.74. The firm has a market cap of $108.03 billion, a P/E ratio of 4.84, a PEG ratio of 1.76 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company had revenue of $30.34 billion for the quarter. Analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is presently 21.82%.

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.