Rovin Capital UT ADV Reduces Position in Comcast Co. (NASDAQ:CMCSA)

Rovin Capital UT ADV decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 26.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,614 shares of the cable giant’s stock after selling 4,159 shares during the period. Rovin Capital UT ADV’s holdings in Comcast were worth $485,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Capital Investment Advisors LLC increased its position in shares of Comcast by 4.5% during the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock valued at $1,411,000 after buying an additional 1,550 shares during the period. First Hawaiian Bank raised its position in shares of Comcast by 8.9% in the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after buying an additional 15,664 shares in the last quarter. Douglas Lane & Associates LLC grew its position in Comcast by 0.7% during the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after buying an additional 15,807 shares in the last quarter. Wulff Hansen & CO. grew its position in Comcast by 3,816.0% during the second quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant’s stock worth $21,866,000 after buying an additional 544,123 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Comcast in the 1st quarter valued at about $773,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CMCSA. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Barclays increased their price target on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Wednesday. Deutsche Bank Aktiengesellschaft increased their target price on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Macquarie reiterated a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and an average price target of $46.75.

Comcast Price Performance

CMCSA opened at $43.91 on Friday. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The company has a market cap of $170.04 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 1.61 and a beta of 1.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock has a fifty day simple moving average of $41.18 and a two-hundred day simple moving average of $39.71.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the prior year, the business posted $1.08 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts predict that Comcast Co. will post 4.25 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, January 29th. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.82%. Comcast’s dividend payout ratio is currently 33.33%.

Comcast 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.