Ameriflex Group Inc. Has $101,000 Stake in Comcast Corporation $CMCSA

Ameriflex Group Inc. decreased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 61.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,855 shares of the cable giant’s stock after selling 4,587 shares during the period. Ameriflex Group Inc.’s holdings in Comcast were worth $101,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CMCSA. Inlight Wealth Management LLC acquired a new position in shares of Comcast during the 1st quarter valued at about $26,000. Cranbrook Wealth Management LLC increased its holdings in shares of Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 350 shares during the last quarter. Global Trust Asset Management LLC grew 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 valued at $27,000 after buying an additional 671 shares during the last quarter. Abound Financial LLC acquired a new stake in Comcast in the 1st quarter valued at approximately $29,000. Finally, Ransom Advisory Ltd acquired a new stake in Comcast in the 1st quarter valued at approximately $29,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $30.90 on Friday. The business has a fifty day simple moving average of $32.73 and a 200 day simple moving average of $34.15. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $114.09 billion, a price-to-earnings ratio of 5.11, a PEG ratio of 1.81 and a beta of 0.94. Comcast Corporation has a one year low of $30.38 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its 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. The business had revenue of $30.31 billion during 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%.Comcast’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.21 earnings per share. Sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have issued reports on CMCSA shares. The Goldman Sachs Group lowered their target price on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Bank of America lowered their target price on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Citigroup reaffirmed a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Arete Research raised Comcast to a “hold” rating in a report on Tuesday, July 8th. Finally, Loop Capital lowered their target price on Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Comcast currently has a consensus rating of “Hold” and an average target price of $40.26.

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.