Serenus Wealth Advisors LLC Purchases 162,652 Shares of Comcast Corporation $CMCSA

Serenus Wealth Advisors LLC increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 87.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 349,654 shares of the cable giant’s stock after purchasing an additional 162,652 shares during the period. Comcast accounts for 1.4% of Serenus Wealth Advisors LLC’s portfolio, making the stock its 11th largest holding. Serenus Wealth Advisors LLC’s holdings in Comcast were worth $10,986,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CMCSA. Cape Investment Advisory Inc. lifted its position in shares of Comcast by 2.6% in the second quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock valued at $438,000 after acquiring an additional 307 shares in the last quarter. Coign Capital Advisors LLC raised its stake in Comcast by 2.1% during the 2nd quarter. Coign Capital Advisors LLC now owns 15,919 shares of the cable giant’s stock valued at $568,000 after purchasing an additional 324 shares during the period. OneAscent Family Office LLC raised its stake in Comcast by 4.9% during the 2nd quarter. OneAscent Family Office LLC now owns 7,048 shares of the cable giant’s stock valued at $252,000 after purchasing an additional 332 shares during the period. Titleist Asset Management LLC boosted its stake in Comcast by 4.7% in the 2nd quarter. Titleist Asset Management LLC now owns 7,618 shares of the cable giant’s stock worth $272,000 after purchasing an additional 342 shares during the period. Finally, Lakeshore Capital Group Inc. boosted its stake in Comcast by 2.6% in the 3rd quarter. Lakeshore Capital Group Inc. now owns 13,636 shares of the cable giant’s stock worth $428,000 after purchasing an additional 343 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Transactions at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the sale, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at approximately $20,325,493.76. This trade represents a 8.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Comcast from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Arete Research set a $23.00 target price on shares of Comcast in a research note on Tuesday, January 6th. Scotiabank decreased their price target on shares of Comcast from $37.50 to $35.25 and set a “sector perform” rating on the stock in a research note on Friday, January 30th. JPMorgan Chase & Co. cut their price objective on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Finally, Benchmark reduced their target price on Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Ten equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $34.90.

Comcast Price Performance

NASDAQ:CMCSA opened at $31.55 on Wednesday. The firm has a market capitalization of $113.51 billion, a price-to-earnings ratio of 5.88, a PEG ratio of 2.41 and a beta of 0.81. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The business has a 50 day simple moving average of $29.47 and a 200-day simple moving average of $30.05. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $37.97.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The company had revenue of $32.31 billion during the quarter, compared to analyst estimates of $32.35 billion. During the same period in the previous year, the firm earned $0.96 earnings per share. Comcast’s quarterly revenue was up 1.2% compared to the same quarter last year. Equities analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio is 24.58%.

Comcast Company Profile

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.