Atria Wealth Solutions Inc. Reduces Stock Holdings in Comcast Corporation $CMCSA

Atria Wealth Solutions Inc. lowered its position in Comcast Corporation (NASDAQ:CMCSA) by 40.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 95,926 shares of the cable giant’s stock after selling 64,636 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Comcast were worth $3,425,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Concord Asset Management LLC VA grew its holdings in shares of Comcast by 6.8% in the second quarter. Concord Asset Management LLC VA now owns 70,950 shares of the cable giant’s stock valued at $2,532,000 after purchasing an additional 4,511 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of Comcast by 3.9% in the second quarter. Sequoia Financial Advisors LLC now owns 443,407 shares of the cable giant’s stock valued at $15,825,000 after purchasing an additional 16,527 shares during the period. Total Clarity Wealth Management Inc. grew its holdings in shares of Comcast by 130.6% in the second quarter. Total Clarity Wealth Management Inc. now owns 17,432 shares of the cable giant’s stock valued at $622,000 after purchasing an additional 9,872 shares during the period. Vest Financial LLC lifted its position in Comcast by 32.3% in the second quarter. Vest Financial LLC now owns 90,953 shares of the cable giant’s stock valued at $3,246,000 after buying an additional 22,194 shares during the last quarter. Finally, MGO One Seven LLC boosted its stake in Comcast by 2.6% during the second quarter. MGO One Seven LLC now owns 111,890 shares of the cable giant’s stock worth $3,993,000 after buying an additional 2,839 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 2.0%

Shares of NASDAQ:CMCSA opened at $29.99 on Wednesday. The firm’s 50 day moving average price is $32.37 and its 200 day moving average price is $33.83. The stock has a market cap of $110.73 billion, a price-to-earnings ratio of 4.96, a price-to-earnings-growth ratio of 1.74 and a beta of 0.94. Comcast Corporation has a fifty-two week low of $29.39 and a fifty-two week high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The firm had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. As a group, equities research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.4%. Comcast’s dividend payout ratio (DPR) is 21.82%.

Analyst Ratings Changes

Several brokerages have weighed in on CMCSA. Sanford C. Bernstein lowered their target price on shares of Comcast from $37.00 to $36.00 and set a “market perform” rating for the company in a research note on Wednesday, September 10th. Benchmark reaffirmed a “buy” rating on shares of Comcast in a research note on Friday, July 18th. KeyCorp lowered their target price on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, October 3rd. Barclays lowered their target price on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Finally, Citigroup reaffirmed a “buy” rating on shares of Comcast in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $39.94.

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.