Financial Perspectives Inc Has $583,000 Position in Comcast Corporation $CMCSA

Financial Perspectives Inc boosted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 6.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,324 shares of the cable giant’s stock after buying an additional 993 shares during the period. Financial Perspectives Inc’s holdings in Comcast were worth $583,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Inlight Wealth Management LLC acquired a new position in Comcast in the first quarter valued at approximately $26,000. Cranbrook Wealth Management LLC increased its stake in Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 350 shares in the last quarter. Global Trust Asset Management LLC increased its stake in Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 671 shares in the last quarter. Abound Financial LLC bought a new stake in Comcast in the first quarter valued at approximately $29,000. Finally, Ransom Advisory Ltd bought a new stake in Comcast in the first quarter valued at approximately $29,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CMCSA shares. 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. Loop Capital lowered their target price on shares of Comcast from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday, October 1st. Arete Research raised shares of Comcast to a “hold” rating in a research note on Tuesday, July 8th. Benchmark reaffirmed a “buy” rating on shares of Comcast in a research note on Friday, July 18th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Comcast presently has a consensus rating of “Hold” and a consensus target price of $39.76.

Comcast Stock Up 1.0%

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

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

Comcast Dividend Announcement

The firm 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 $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.5%. Comcast’s dividend payout ratio (DPR) is 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.