Aspiriant LLC Has $650,000 Stake in Comcast Corporation $CMCSA

Aspiriant LLC cut its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 15.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,204 shares of the cable giant’s stock after selling 3,278 shares during the quarter. Aspiriant LLC’s holdings in Comcast were worth $650,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after purchasing an additional 99,986 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Comcast by 19.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 883,677 shares of the cable giant’s stock worth $32,608,000 after purchasing an additional 143,593 shares during the period. Cornerstone Wealth Management LLC increased its holdings in Comcast by 4.0% in the first quarter. Cornerstone Wealth Management LLC now owns 8,440 shares of the cable giant’s stock worth $311,000 after purchasing an additional 323 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its stake in Comcast by 26.7% in the first quarter. Kingswood Wealth Advisors LLC now owns 17,046 shares of the cable giant’s stock valued at $628,000 after buying an additional 3,588 shares during the period. Finally, Advisor Resource Council bought a new position in shares of Comcast during the 1st quarter worth approximately $612,000. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 1.0%

CMCSA opened at $29.54 on Friday. Comcast Corporation has a fifty-two week low of $29.15 and a fifty-two week high of $45.31. The firm has a market capitalization of $109.07 billion, a PE ratio of 4.88, a P/E/G ratio of 1.75 and a beta of 0.94. 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’s 50-day moving average is $32.23 and its 200 day moving average is $33.68.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The firm had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%. As a group, research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal 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 given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s dividend payout ratio is presently 21.82%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Bank of America lowered their price objective on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Citigroup restated a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, October 6th. Finally, UBS Group set a $43.00 price target on Comcast in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $39.76.

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.