Winnow Wealth LLC Purchases Shares of 30,037 Comcast Corporation $CMCSA

Winnow Wealth LLC acquired a new stake in shares of Comcast Corporation (NASDAQ:CMCSAFree Report) during the 3rd quarter, Holdings Channel reports. The firm acquired 30,037 shares of the cable giant’s stock, valued at approximately $961,000.

Other large investors also recently made changes to their positions in the company. Capital A Wealth Management LLC grew its holdings in shares of Comcast by 173.7% during the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after buying an additional 436 shares during the last quarter. Avalon Trust Co lifted its position in Comcast by 433.3% in the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 624 shares in the last quarter. Howard Hughes Medical Institute acquired a new position in Comcast during the 2nd quarter valued at about $29,000. Princeton Global Asset Management LLC increased its holdings in 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 purchasing an additional 686 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Comcast in the second quarter worth approximately $31,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast News Roundup

Here are the key news stories impacting Comcast this week:

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CMCSA shares. Daiwa Capital Markets cut their target price on Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft dropped their price objective on Comcast from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday. The Goldman Sachs Group reiterated a “neutral” rating and issued a $30.00 target price (down previously from $39.00) on shares of Comcast in a research note on Friday, October 31st. Williams Trading set a $40.00 price target on shares of Comcast in a research report on Friday, October 31st. Finally, Pivotal Research cut their price target on shares of Comcast from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Eleven investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Comcast has an average rating of “Hold” and a consensus target price of $35.08.

Get Our Latest Research Report on Comcast

Comcast Stock Up 1.7%

CMCSA opened at $29.75 on Friday. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $37.97. The company’s 50-day moving average price is $28.41 and its two-hundred day moving average price is $30.35. The stock has a market cap of $108.41 billion, a price-to-earnings ratio of 5.54, a PEG ratio of 2.06 and a beta of 0.81. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSAGet Free Report) last issued its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.09. The company had revenue of $32.31 billion during the quarter, compared to analyst estimates of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. Comcast’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. As a group, equities analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be paid a $0.33 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.4%. Comcast’s payout ratio is presently 21.96%.

About Comcast

(Free Report)

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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