Altus Wealth Group LLC Sells 590 Shares of Comcast Corporation $CMCSA

Altus Wealth Group LLC cut its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,806 shares of the cable giant’s stock after selling 590 shares during the quarter. Altus Wealth Group LLC’s holdings in Comcast were worth $850,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Foster Group Inc. raised its holdings in Comcast by 4.0% during the second quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock valued at $265,000 after acquiring an additional 282 shares during the period. Argyle Capital Management LLC raised its holdings in Comcast by 0.5% during the second quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock valued at $2,184,000 after acquiring an additional 300 shares during the period. Clearstead Trust LLC raised its holdings in Comcast by 5.2% during the first quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock valued at $227,000 after acquiring an additional 305 shares during the period. Webster Bank N. A. raised its holdings in Comcast by 2.9% during the second quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock valued at $386,000 after acquiring an additional 305 shares during the period. Finally, United Asset Strategies Inc. raised its holdings in Comcast by 2.2% during the first quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock valued at $519,000 after acquiring an additional 308 shares during the period. 84.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on CMCSA. The Goldman Sachs Group decreased their price target on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Citigroup restated a “buy” rating on shares of Comcast in a research report on Tuesday, August 26th. Bank of America cut their price objective on Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. Deutsche Bank Aktiengesellschaft cut their price objective on Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, October 6th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research report on Tuesday, October 14th. One 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $39.76.

Comcast Trading Up 1.0%

CMCSA opened at $29.54 on Monday. The firm has a market cap of $109.07 billion, a P/E ratio of 4.88, a P/E/G ratio of 1.75 and a beta of 0.94. Comcast Corporation has a 12 month low of $29.15 and a 12 month high of $45.31. 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 stock has a 50-day moving average of $32.23 and a 200 day moving average of $33.66.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The company 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 forecast that Comcast Corporation will post 4.33 EPS 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 given a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.5%. Comcast’s dividend payout ratio (DPR) is currently 21.82%.

Comcast Company 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.