Borer Denton & Associates Inc. Reduces Holdings in Comcast Co. (NASDAQ:CMCSA)

Borer Denton & Associates Inc. lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 8.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,466 shares of the cable giant’s stock after selling 7,200 shares during the quarter. Comcast comprises 1.1% of Borer Denton & Associates Inc.’s portfolio, making the stock its 26th largest position. Borer Denton & Associates Inc.’s holdings in Comcast were worth $3,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of CMCSA. Fairscale Capital LLC bought a new stake in shares of Comcast during the 2nd quarter valued at $26,000. McClarren Financial Advisors Inc. lifted its position in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares during the period. Iron Horse Wealth Management LLC grew its holdings in Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after purchasing an additional 522 shares during the period. IAG Wealth Partners LLC increased its stake in shares of Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares in the last quarter. Finally, Archer Investment Corp lifted its holdings in shares of Comcast by 177.1% during the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Stock Performance

CMCSA opened at $43.47 on Friday. The company’s 50 day moving average is $41.98 and its 200 day moving average is $40.04. 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 company has a market cap of $166.34 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 1.65 and a beta of 1.00. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11.

Comcast (NASDAQ:CMCSA) last issued 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. The business had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.08 EPS. On average, equities research analysts predict that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

Analysts Set New Price Targets

CMCSA has been the subject of a number of analyst reports. Evercore ISI raised Comcast to a “strong-buy” rating in a research report on Thursday. Macquarie lifted their price target on Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. KeyCorp increased their price objective on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company boosted their price objective on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $47.19.

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.