Comcast Corporation $CMCSA Shares Acquired by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC grew its holdings in Comcast Corporation (NASDAQ:CMCSA) by 39.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,057 shares of the cable giant’s stock after purchasing an additional 2,272 shares during the period. Commonwealth Financial Services LLC’s holdings in Comcast were worth $288,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Inlight Wealth Management LLC acquired a new position in shares of Comcast in the 1st quarter valued at $26,000. Cranbrook Wealth Management LLC boosted its holdings in 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 period. Global Trust Asset Management LLC boosted its holdings in Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 671 shares during the period. Abound Financial LLC acquired a new position in Comcast in the 1st quarter valued at about $29,000. Finally, Ransom Advisory Ltd purchased a new stake in Comcast during the first quarter worth about $29,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Comcast in a research note on Saturday, September 27th. Rosenblatt Securities boosted their price target on shares of Comcast from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. Morgan Stanley set a $35.00 price target on shares of Comcast and gave the stock an “equal weight” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. Finally, Loop Capital cut their price target on shares of Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $39.94.

Comcast Price Performance

CMCSA stock opened at $29.46 on Friday. 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 firm has a market capitalization of $108.77 billion, a P/E ratio of 4.87, a P/E/G ratio of 1.74 and a beta of 0.94. The business’s 50-day moving average is $32.48 and its two-hundred day moving average is $33.93. Comcast Corporation has a 1 year low of $29.42 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The company had revenue of $30.34 billion for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%. Analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. Comcast’s dividend payout ratio is presently 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.