AA Financial Advisors LLC Has $378,000 Stake in Comcast Corporation $CMCSA

AA Financial Advisors LLC trimmed its holdings in Comcast Corporation (NASDAQ:CMCSA) by 9.3% in the second quarter, Holdings Channel reports. The institutional investor owned 10,601 shares of the cable giant’s stock after selling 1,092 shares during the period. AA Financial Advisors LLC’s holdings in Comcast were worth $378,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CMCSA. Inlight Wealth Management LLC bought a new stake in shares of Comcast in the first quarter worth $26,000. Abound Financial LLC acquired a new position in shares of Comcast during the first quarter valued at about $29,000. Ransom Advisory Ltd acquired a new position in shares of Comcast during the first quarter valued at about $29,000. Retirement Wealth Solutions LLC raised its holdings in shares of Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 448 shares during the period. Finally, Global Wealth Strategies & Associates raised its holdings in shares of Comcast by 203.4% during the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant’s stock valued at $33,000 after purchasing an additional 600 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of CMCSA opened at $31.59 on Friday. The firm’s 50-day simple moving average is $33.45 and its two-hundred day simple moving average is $34.48. The stock has a market cap of $116.64 billion, a PE ratio of 5.22, a price-to-earnings-growth ratio of 1.89 and a beta of 0.93. Comcast Corporation has a fifty-two week low of $31.03 and a fifty-two week high of $45.31. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. The firm had revenue of $30.31 billion during the quarter, compared to analysts’ expectations of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.21 earnings per share. Analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.2%. Comcast’s payout ratio is presently 21.82%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. UBS Group dropped their price objective on shares of Comcast from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, August 1st. Rosenblatt Securities increased their price objective on shares of Comcast from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. Rothschild & Co Redburn decreased their price objective on shares of Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Benchmark reissued a “buy” rating on shares of Comcast in a research report on Friday, July 18th. Finally, Scotiabank increased their target price on shares of Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $40.56.

Comcast Company 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.