Lederer & Associates Investment Counsel CA Has $844,000 Holdings in Comcast Co. (NASDAQ:CMCSA)

Lederer & Associates Investment Counsel CA decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 6.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,562 shares of the cable giant’s stock after selling 1,447 shares during the period. Lederer & Associates Investment Counsel CA’s holdings in Comcast were worth $844,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Luken Investment Analytics LLC grew its position in Comcast by 258.0% in the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock worth $25,000 after acquiring an additional 418 shares in the last quarter. Steph & Co. increased its position in Comcast by 154.6% during the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after buying an additional 371 shares during the last quarter. OLD Point Trust & Financial Services N A bought a new position in Comcast during the fourth quarter valued at about $28,000. IAG Wealth Partners LLC lifted its position in shares of Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after buying an additional 522 shares during the last quarter. Finally, Pineridge Advisors LLC acquired a new position in shares of Comcast during the 4th quarter valued at about $32,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

CMCSA stock opened at $39.58 on Wednesday. The company’s 50-day moving average price is $39.19 and its two-hundred day moving average price is $39.87. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The firm has a market cap of $155.30 billion, a P/E ratio of 10.45, a P/E/G ratio of 1.05 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. During the same quarter in the previous year, the firm posted $1.13 earnings per share. The company’s revenue was down 2.7% on a year-over-year basis. On average, analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a dividend yield of 3.13%. Comcast’s dividend payout ratio is currently 32.80%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target on the stock. in a research report on Tuesday, June 11th. KeyCorp decreased their price target on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Evercore ISI decreased their price objective on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. Barclays cut their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $45.78.

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.