Flagship Harbor Advisors LLC Has $1.39 Million Stock Holdings in Comcast Corporation $CMCSA

Flagship Harbor Advisors LLC cut its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 3.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 38,811 shares of the cable giant’s stock after selling 1,240 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Comcast were worth $1,385,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. QRG Capital Management Inc. raised its stake in Comcast by 13.0% in the second quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock valued at $25,867,000 after buying an additional 83,631 shares during the period. Advisor OS LLC raised its stake in Comcast by 33.2% in the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock valued at $1,308,000 after buying an additional 8,841 shares during the period. Aberdeen Group plc raised its stake in Comcast by 5.4% in the second quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock valued at $103,142,000 after buying an additional 147,231 shares during the period. Resona Asset Management Co. Ltd. raised its stake in Comcast by 10.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock valued at $47,254,000 after buying an additional 118,839 shares during the period. Finally, Davidson Investment Advisors raised its stake in Comcast by 37.4% in the second quarter. Davidson Investment Advisors now owns 457,691 shares of the cable giant’s stock valued at $16,335,000 after buying an additional 124,484 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Rosenblatt Securities dropped their price objective on Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, October 17th. Bank of America dropped their price objective on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Barclays lowered their target price on Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. Finally, Arete Research upgraded Comcast to a “hold” rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Comcast currently has an average rating of “Hold” and an average price target of $39.52.

Comcast Price Performance

Comcast stock opened at $27.32 on Friday. The stock’s fifty day moving average price is $31.53 and its two-hundred day moving average price is $33.37. Comcast Corporation has a one year low of $25.75 and a one year 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 firm has a market cap of $100.87 billion, a PE ratio of 4.52, a price-to-earnings-growth ratio of 1.69 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The firm had revenue of $30.34 billion for the quarter. As a group, research analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is currently 21.82%.

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.