Thurston Springer Miller Herd & Titak Inc. Sells 52,243 Shares of Comcast Corporation $CMCSA

Thurston Springer Miller Herd & Titak Inc. lowered its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 92.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,074 shares of the cable giant’s stock after selling 52,243 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Comcast were worth $128,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Brighton Jones LLC grew its position in shares of Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after acquiring an additional 99,986 shares during the period. Aptus Capital Advisors LLC lifted its position in Comcast by 0.4% during the first quarter. Aptus Capital Advisors LLC now owns 236,426 shares of the cable giant’s stock valued at $8,724,000 after purchasing an additional 865 shares in the last quarter. Financial Advisors Network Inc. bought a new stake in Comcast during the first quarter valued at about $299,000. Senator Investment Group LP purchased a new stake in Comcast in the first quarter worth about $55,350,000. Finally, Legacy Financial Advisors Inc. raised its stake in shares of Comcast by 1.6% in the first quarter. Legacy Financial Advisors Inc. now owns 45,457 shares of the cable giant’s stock worth $1,677,000 after buying an additional 702 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 5.4%

Shares of CMCSA opened at $29.73 on Wednesday. The firm has a market cap of $108.33 billion, a P/E ratio of 4.95, a price-to-earnings-growth ratio of 1.94 and a beta of 0.83. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $39.12. The company has a 50 day simple moving average of $28.02 and a two-hundred day simple moving average of $31.70.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The firm had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. On average, equities analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.4%. Comcast’s dividend payout ratio (DPR) is presently 21.96%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CMCSA shares. Oppenheimer set a $38.00 price objective on Comcast in a research note on Tuesday, November 4th. Benchmark decreased their target price on shares of Comcast from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Sanford C. Bernstein dropped their price target on shares of Comcast from $36.00 to $34.00 and set a “market perform” rating for the company in a research report on Friday, October 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. Finally, KeyCorp downgraded shares of Comcast from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 30th. Eleven analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $35.78.

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.