Comcast Corporation $CMCSA Shares Bought by CW Advisors LLC

CW Advisors LLC raised its stake in Comcast Corporation (NASDAQ:CMCSA) by 56.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 209,871 shares of the cable giant’s stock after buying an additional 75,764 shares during the quarter. CW Advisors LLC’s holdings in Comcast were worth $7,490,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Cranbrook Wealth Management LLC increased its stake in Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 350 shares in the last quarter. Global Trust Asset Management LLC grew its holdings 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 purchasing an additional 671 shares during the last quarter. Avalon Trust Co increased its position in shares of Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after buying an additional 624 shares in the last quarter. Ransom Advisory Ltd acquired a new position in shares of Comcast during the 1st quarter worth $29,000. Finally, Princeton Global Asset Management LLC raised its stake in shares of Comcast by 403.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after buying an additional 686 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Moffett Nathanson lowered their price objective on shares of Comcast from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Scotiabank lowered their price target on shares of Comcast from $45.50 to $41.50 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Finally, Pivotal Research lowered their target price on Comcast from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Eleven equities 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $35.82.

Comcast Trading Down 0.8%

Shares of Comcast stock opened at $27.20 on Friday. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $43.30. The business’s fifty day moving average is $28.57 and its two-hundred day moving average is $32.14. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The firm has a market cap of $99.11 billion, a PE ratio of 4.53, a P/E/G ratio of 1.88 and a beta of 0.83.

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

Comcast Dividend Announcement

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

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.