Signature Estate & Investment Advisors LLC Cuts Stake in Comcast Corporation $CMCSA

Signature Estate & Investment Advisors LLC reduced its stake in Comcast Corporation (NASDAQ:CMCSA) by 9.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,456 shares of the cable giant’s stock after selling 976 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Comcast were worth $337,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Inlight Wealth Management LLC purchased a new stake in shares of Comcast during the first quarter valued at $26,000. Cranbrook Wealth Management LLC boosted its position in Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares during the last quarter. Global Trust Asset Management LLC boosted its position in Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares during the last quarter. Abound Financial LLC purchased a new position in Comcast in the first quarter worth about $29,000. Finally, Ransom Advisory Ltd purchased a new position in shares of Comcast during the 1st quarter valued at about $29,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Up 0.1%

Shares of CMCSA stock opened at $29.57 on Tuesday. The stock’s 50-day simple moving average is $32.19 and its 200-day simple moving average is $33.63. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $109.18 billion, a PE ratio of 4.89, a P/E/G ratio of 1.75 and a beta of 0.94. Comcast Corporation has a fifty-two week low of $29.15 and a fifty-two week high of $45.31.

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

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.5%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio is currently 21.82%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CMCSA shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research report on Tuesday, October 14th. Citigroup reissued a “buy” rating on shares of Comcast in a research report on Tuesday, August 26th. Bank of America cut their target price on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Royal Bank Of Canada started coverage on Comcast in a research report on Monday, September 8th. They issued a “sector perform” rating and a $38.00 price objective on the stock. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $45.50 price objective (up previously from $45.00) on shares of Comcast in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $39.76.

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.