Sapient Capital LLC Has $1.17 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Sapient Capital LLC lessened its position in Comcast Co. (NASDAQ:CMCSA) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,887 shares of the cable giant’s stock after selling 395 shares during the quarter. Sapient Capital LLC’s holdings in Comcast were worth $1,165,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Steph & Co. boosted its stake in shares of Comcast by 154.6% during the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after acquiring an additional 371 shares during the period. Fairscale Capital LLC bought a new position in shares of Comcast during the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC bought a new position in shares of Comcast during the 2nd quarter worth approximately $27,000. IAG Wealth Partners LLC boosted its stake in shares of Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after acquiring an additional 522 shares during the period. Finally, Archer Investment Corp boosted its stake in shares of Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after acquiring an additional 519 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CMCSA. Evercore ISI reduced their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. Macquarie restated a “neutral” rating and issued a $40.00 price target on shares of Comcast in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft reduced their price target on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. KeyCorp reduced their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $45.55.

Comcast Price Performance

Comcast stock opened at $41.97 on Tuesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The stock has a market capitalization of $164.67 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The stock has a fifty day moving average of $40.05 and a 200-day moving average of $39.44.

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

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 2.95%. Comcast’s payout ratio is presently 32.80%.

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.