Ashton Thomas Securities LLC Sells 742 Shares of Comcast Corporation $CMCSA

Ashton Thomas Securities LLC trimmed its stake in Comcast Corporation (NASDAQ:CMCSA) by 1.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,828 shares of the cable giant’s stock after selling 742 shares during the period. Ashton Thomas Securities LLC’s holdings in Comcast were worth $2,423,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Inlight Wealth Management LLC purchased a new stake in Comcast in the first quarter worth about $26,000. Global Trust Asset Management LLC increased its holdings in Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after acquiring an additional 671 shares in the last quarter. Cranbrook Wealth Management LLC raised its stake in Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after acquiring an additional 350 shares during the period. Ransom Advisory Ltd purchased a new position in Comcast during the first quarter valued at approximately $29,000. Finally, Abound Financial LLC purchased a new position in Comcast during the first quarter valued at approximately $29,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Trading Down 1.7%

Shares of NASDAQ CMCSA opened at $30.40 on Friday. Comcast Corporation has a fifty-two week low of $30.38 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. The company has a market cap of $112.24 billion, a price-to-earnings ratio of 5.02, a PEG ratio of 1.81 and a beta of 0.94. The business’s 50 day moving average price is $32.79 and its 200-day moving average price is $34.20.

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

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is currently 21.82%.

Analyst Ratings Changes

CMCSA has been the topic of several recent analyst reports. Citigroup restated a “buy” rating on shares of Comcast in a research report on Tuesday, August 26th. Bank of America decreased their price target on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday. Scotiabank upped their price objective on Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a research note on Friday, July 11th. Moffett Nathanson increased their target price on Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Finally, Rosenblatt Securities boosted their price target on Comcast from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. One investment 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $40.07.

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.