Aptus Capital Advisors LLC Sells 44,264 Shares of Comcast Corporation $CMCSA

Aptus Capital Advisors LLC lessened its stake in Comcast Corporation (NASDAQ:CMCSA) by 17.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 208,871 shares of the cable giant’s stock after selling 44,264 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Comcast were worth $6,243,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Jacobi Capital Management LLC lifted its position in shares of Comcast by 39.8% during the fourth quarter. Jacobi Capital Management LLC now owns 42,031 shares of the cable giant’s stock valued at $1,256,000 after buying an additional 11,971 shares during the last quarter. CreativeOne Wealth LLC lifted its position in Comcast by 15.8% during the fourth quarter. CreativeOne Wealth LLC now owns 54,750 shares of the cable giant’s stock valued at $1,636,000 after acquiring an additional 7,464 shares during the last quarter. Transamerica Financial Advisors LLC boosted its stake in Comcast by 9.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 32,727 shares of the cable giant’s stock valued at $978,000 after acquiring an additional 2,702 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its stake in Comcast by 291.3% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 66,665 shares of the cable giant’s stock valued at $1,993,000 after acquiring an additional 49,630 shares in the last quarter. Finally, 1248 Management LLC grew its holdings in Comcast by 2,531.6% in the fourth quarter. 1248 Management LLC now owns 5,000 shares of the cable giant’s stock worth $149,000 after purchasing an additional 4,810 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Down 2.2%

NASDAQ CMCSA opened at $23.97 on Tuesday. Comcast Corporation has a 1 year low of $23.13 and a 1 year high of $36.66. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $85.63 billion, a PE ratio of 4.72, a P/E/G ratio of 1.99 and a beta of 0.68. The company has a fifty day moving average of $26.24 and a 200 day moving average of $28.31.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The business had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. During the same quarter last year, the business posted $1.09 EPS. The company’s revenue was up 5.3% on a year-over-year basis. Research analysts forecast that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.5%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CMCSA. Royal Bank Of Canada increased their price objective on Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. KeyCorp restated a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. Citigroup upped their target price on Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a research report on Friday, April 24th. Morgan Stanley increased their price target on Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Finally, New Street Research lowered their price target on Comcast from $36.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Nine research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Comcast has a consensus rating of “Hold” and an average price target of $34.56.

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.