Wedmont Private Capital Has $978,000 Stake in Comcast Corporation $CMCSA

Wedmont Private Capital trimmed its stake in Comcast Corporation (NASDAQ:CMCSA) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,451 shares of the cable giant’s stock after selling 1,237 shares during the period. Wedmont Private Capital’s holdings in Comcast were worth $978,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CMCSA. Swedbank AB grew its holdings in shares of Comcast by 8.4% during the second quarter. Swedbank AB now owns 2,286,242 shares of the cable giant’s stock worth $81,596,000 after purchasing an additional 177,022 shares during the last quarter. Secure Asset Management LLC bought a new position in Comcast in the second quarter valued at about $234,000. Baader Bank Aktiengesellschaft boosted its holdings in Comcast by 100.5% in the second quarter. Baader Bank Aktiengesellschaft now owns 15,628 shares of the cable giant’s stock valued at $556,000 after acquiring an additional 7,835 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Comcast by 4.6% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 486,647 shares of the cable giant’s stock valued at $17,368,000 after buying an additional 21,622 shares during the period. Finally, KMG Fiduciary Partners LLC lifted its stake in Comcast by 5.7% in the second quarter. KMG Fiduciary Partners LLC now owns 50,420 shares of the cable giant’s stock valued at $1,799,000 after buying an additional 2,715 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CMCSA has been the subject of a number of research reports. Moffett Nathanson increased their price objective on Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Scotiabank lifted their price target on Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a report on Friday, July 11th. Arete Research raised Comcast to a “hold” rating in a report on Tuesday, July 8th. Barclays dropped their price objective on Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Finally, Rothschild & Co Redburn lowered their price target on Comcast from $44.00 to $35.00 in a report on Friday, June 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $40.56.

Comcast Price Performance

Shares of CMCSA opened at $31.59 on Friday. Comcast Corporation has a 12-month low of $31.03 and a 12-month high of $45.31. The business has a 50-day simple moving average of $33.45 and a two-hundred day simple moving average of $34.48. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The stock has a market cap of $116.64 billion, a PE ratio of 5.22, a PEG ratio of 1.89 and a beta of 0.93.

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

Comcast Announces Dividend

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

Comcast 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.