Advanced Portfolio Management LLC Invests $1.43 Million in Comcast Corporation $CMCSA

Advanced Portfolio Management LLC bought a new stake in Comcast Corporation (NASDAQ:CMCSA) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 40,000 shares of the cable giant’s stock, valued at approximately $1,428,000. Comcast accounts for 4.0% of Advanced Portfolio Management LLC’s holdings, making the stock its 10th largest holding.

A number of other institutional investors have also added to or reduced their stakes in CMCSA. Global Trust Asset Management LLC grew its stake in Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 671 shares during the period. Cranbrook Wealth Management LLC raised its position in shares of Comcast by 86.0% during the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares during the period. Avalon Trust Co lifted its holdings in shares of Comcast by 433.3% in the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after purchasing an additional 624 shares in the last quarter. Ransom Advisory Ltd acquired a new stake in Comcast in the 1st quarter valued at $29,000. Finally, Princeton Global Asset Management LLC grew its position in Comcast by 403.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after purchasing an additional 686 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of Comcast stock opened at $27.20 on Friday. The business’s fifty day simple moving average is $28.57 and its 200 day simple moving average is $32.14. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $43.30. The firm has a market capitalization of $99.11 billion, a P/E ratio of 4.53, a price-to-earnings-growth ratio of 1.88 and a beta of 0.83.

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

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is 21.96%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CMCSA shares. Barclays dropped their price objective on shares of Comcast from $34.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, November 3rd. Citigroup dropped their price target on shares of Comcast from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Deutsche Bank Aktiengesellschaft decreased their price objective on Comcast from $44.00 to $40.00 and set a “buy” rating for the company in a report on Monday, November 3rd. UBS Group set a $34.00 price objective on Comcast in a research note on Friday, October 31st. Finally, Pivotal Research cut their target price on Comcast from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Eleven research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $35.82.

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.