Midland Wealth Advisors LLC Lowers Holdings in Comcast Corporation $CMCSA

Midland Wealth Advisors LLC lowered its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 13.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,307 shares of the cable giant’s stock after selling 2,113 shares during the period. Midland Wealth Advisors LLC’s holdings in Comcast were worth $475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CMCSA. Dodge & Cox lifted its holdings in shares of Comcast by 19.1% in the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after acquiring an additional 15,115,074 shares during the last quarter. First Eagle Investment Management LLC increased its position in shares of Comcast by 1.4% during the second quarter. First Eagle Investment Management LLC now owns 35,905,236 shares of the cable giant’s stock worth $1,281,458,000 after acquiring an additional 490,923 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Comcast by 2.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock worth $1,240,955,000 after buying an additional 926,663 shares during the period. Nuveen LLC purchased a new position in Comcast during the 1st quarter valued at about $940,015,000. Finally, Harris Associates L P raised its stake in Comcast by 0.5% in the first quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock worth $759,938,000 after buying an additional 111,662 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CMCSA shares. Williams Trading set a $40.00 price target on Comcast in a research report on Friday, October 31st. Oppenheimer set a $38.00 price target on Comcast in a research report on Tuesday, November 4th. Loop Capital lowered their price target on shares of Comcast from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 31st. TD Cowen cut their price objective on Comcast from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, Cowen reiterated a “buy” rating on shares of Comcast in a research note on Friday, October 31st. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Comcast has an average rating of “Hold” and a consensus price target of $36.29.

Comcast Stock Up 0.1%

CMCSA opened at $27.35 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The firm has a market cap of $99.66 billion, a P/E ratio of 4.55, a PEG ratio of 1.77 and a beta of 0.92. The business’s fifty day simple moving average is $30.76 and its 200 day simple moving average is $33.08. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $44.63.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The firm had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. As a group, equities research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is 21.96%.

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.