Alliance Wealth Advisors LLC Sells 18,052 Shares of Comcast Corporation $CMCSA

Alliance Wealth Advisors LLC trimmed its holdings in Comcast Corporation (NASDAQ:CMCSA) by 50.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,821 shares of the cable giant’s stock after selling 18,052 shares during the quarter. Alliance Wealth Advisors LLC’s holdings in Comcast were worth $533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CMCSA. Capital A Wealth Management LLC raised its stake in Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after purchasing an additional 436 shares during the last quarter. Imprint Wealth LLC acquired a new stake in Comcast in the 3rd quarter worth $26,000. United Financial Planning Group LLC acquired a new stake in Comcast in the 3rd quarter worth $28,000. Howard Hughes Medical Institute bought a new position in shares of Comcast during the 2nd quarter worth about $29,000. Finally, Olistico Wealth LLC bought a new position in shares of Comcast during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA opened at $28.33 on Monday. 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 company has a 50-day moving average price of $30.31 and a two-hundred day moving average price of $29.49. The stock has a market cap of $101.93 billion, a price-to-earnings ratio of 5.28, a P/E/G ratio of 2.22 and a beta of 0.79. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $37.48.

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

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders 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 4.7%. The ex-dividend date is Wednesday, April 1st. Comcast’s dividend payout ratio is 24.58%.

Insider Transactions at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction 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 transaction, the chief executive officer directly owned 622,336 shares in the company, valued at $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Sanford C. Bernstein reduced their target price on shares of Comcast from $34.00 to $32.00 and set a “market perform” rating for the company in a research note on Thursday, January 15th. Wall Street Zen raised Comcast to a “hold” rating in a report on Saturday, March 14th. Citigroup reiterated a “buy” rating and issued a $33.00 price objective (up from $32.79) on shares of Comcast in a research report on Friday, January 30th. Rosenblatt Securities reissued a “neutral” rating and set a $30.00 price objective on shares of Comcast in a report on Friday, January 30th. Finally, Morgan Stanley cut their target price on Comcast from $32.00 to $31.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 10th. Ten investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $34.76.

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.