Woodward Diversified Capital LLC Has $466,000 Stake in Comcast Corporation $CMCSA

Woodward Diversified Capital LLC increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 79.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,052 shares of the cable giant’s stock after buying an additional 5,798 shares during the quarter. Woodward Diversified Capital LLC’s holdings in Comcast were worth $466,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Inlight Wealth Management LLC acquired a new stake in shares of Comcast during the 1st quarter worth approximately $26,000. Global Trust Asset Management LLC boosted 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 buying an additional 671 shares in the last quarter. Cranbrook Wealth Management LLC boosted its stake in Comcast by 86.0% during the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after buying an additional 350 shares in the last quarter. Ransom Advisory Ltd acquired a new stake in Comcast during the first quarter worth $29,000. Finally, Abound Financial LLC acquired a new stake in Comcast during the first quarter worth $29,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Down 1.5%

Shares of CMCSA opened at $30.94 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $114.24 billion, a P/E ratio of 5.11, a PEG ratio of 1.84 and a beta of 0.94. The business’s 50 day simple moving average is $32.89 and its 200-day simple moving average is $34.24. Comcast Corporation has a one year low of $30.90 and a one year high of $45.31.

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

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio is presently 21.82%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CMCSA. Moffett Nathanson lifted their target price on shares of Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Sanford C. Bernstein decreased their price objective on Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a report on Wednesday, September 10th. Arete Research raised Comcast to a “hold” rating in a report on Tuesday, July 8th. Citigroup reaffirmed a “buy” rating on shares of Comcast in a research note on Tuesday, August 26th. Finally, UBS Group decreased their price target on Comcast from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $40.07.

About Comcast

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.