Sound View Wealth Advisors Group LLC Decreases Stake in Comcast Corporation $CMCSA

Sound View Wealth Advisors Group LLC decreased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 8.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 40,751 shares of the cable giant’s stock after selling 3,539 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Comcast were worth $1,454,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. Brighton Jones LLC raised its position in Comcast by 150.9% in the fourth 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. IFC Advisors LLC purchased a new stake in shares of Comcast during the 1st quarter valued at about $227,000. Platform Technology Partners lifted its position in Comcast by 6.5% during the 1st quarter. Platform Technology Partners now owns 7,009 shares of the cable giant’s stock worth $259,000 after acquiring an additional 429 shares in the last quarter. Stephens Inc. AR lifted its position in Comcast by 25.1% during the 1st quarter. Stephens Inc. AR now owns 423,725 shares of the cable giant’s stock worth $15,635,000 after acquiring an additional 84,994 shares in the last quarter. Finally, Hughes Financial Services LLC purchased a new position in Comcast in the 1st quarter worth approximately $77,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Williams Trading set a $40.00 price objective on shares of Comcast in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a report on Tuesday, October 14th. KeyCorp lowered shares of Comcast from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 30th. BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a research note on Tuesday, November 4th. Finally, Arete cut their price target on Comcast from $39.00 to $33.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 28th. Ten investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $36.29.

Comcast Stock Up 0.1%

NASDAQ:CMCSA opened at $27.35 on Monday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $99.66 billion, a price-to-earnings ratio of 4.55, a price-to-earnings-growth ratio of 1.77 and a beta of 0.92. Comcast Corporation has a one year low of $25.75 and a one year high of $44.63. The stock has a 50-day simple moving average of $30.76 and a 200 day simple moving average of $33.08.

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

Comcast Dividend Announcement

The firm also recently disclosed 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 yield of 4.8%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s payout ratio is currently 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.