Comcast Corporation $CMCSA Position Lifted by GC Wealth Management RIA LLC

GC Wealth Management RIA LLC raised its stake in Comcast Corporation (NASDAQ:CMCSA) by 203.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 37,284 shares of the cable giant’s stock after purchasing an additional 24,983 shares during the period. GC Wealth Management RIA LLC’s holdings in Comcast were worth $1,331,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CMCSA. Cairn Investment Group Inc. increased its holdings in Comcast by 1.8% in the second quarter. Cairn Investment Group Inc. now owns 108,315 shares of the cable giant’s stock valued at $3,866,000 after buying an additional 1,881 shares during the last quarter. Hanson & Doremus Investment Management increased its holdings in shares of Comcast by 8.8% in the 2nd quarter. Hanson & Doremus Investment Management now owns 7,954 shares of the cable giant’s stock valued at $284,000 after acquiring an additional 644 shares during the last quarter. V Square Quantitative Management LLC raised its position in shares of Comcast by 10.4% during the 2nd quarter. V Square Quantitative Management LLC now owns 109,811 shares of the cable giant’s stock valued at $3,919,000 after acquiring an additional 10,335 shares in the last quarter. Global Trust Asset Management LLC lifted its stake in Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares during the last quarter. Finally, Tritonpoint Wealth LLC boosted its holdings in Comcast by 21.6% in the second quarter. Tritonpoint Wealth LLC now owns 7,112 shares of the cable giant’s stock worth $254,000 after purchasing an additional 1,264 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.7%

Shares of CMCSA stock opened at $31.49 on Tuesday. Comcast Corporation has a 1 year low of $31.03 and a 1 year high of $45.31. The firm has a market capitalization of $116.27 billion, a PE ratio of 5.20, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. The stock has a fifty day moving average of $33.06 and a two-hundred day moving average of $34.28. 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 issued its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. The business had revenue of $30.31 billion for 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 was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.21 earnings per share. As a group, research analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. 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 dividend payout ratio (DPR) is currently 21.82%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Barclays dropped their target price on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Scotiabank increased their price objective on shares of Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a research note on Friday, July 11th. Bank of America decreased their target price on Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday. Royal Bank Of Canada began coverage on Comcast in a research report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price target on the stock. Finally, Rosenblatt Securities boosted their price objective on Comcast from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. One 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $40.11.

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.