RWA Wealth Partners LLC Sells 4,336 Shares of Comcast Corporation $CMCSA

RWA Wealth Partners LLC reduced its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 8.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,029 shares of the cable giant’s stock after selling 4,336 shares during the quarter. RWA Wealth Partners LLC’s holdings in Comcast were worth $1,750,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. QRG Capital Management Inc. grew its holdings in shares of Comcast by 13.0% in the second quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock worth $25,867,000 after acquiring an additional 83,631 shares during the period. Advisor OS LLC boosted its position in Comcast by 33.2% in the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock worth $1,308,000 after purchasing an additional 8,841 shares during the last quarter. Aberdeen Group plc grew its stake in shares of Comcast by 5.4% during the 2nd quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock valued at $103,142,000 after purchasing an additional 147,231 shares during the period. Resona Asset Management Co. Ltd. increased its position in shares of Comcast by 10.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock valued at $47,254,000 after purchasing an additional 118,839 shares during the last quarter. Finally, Davidson Investment Advisors increased its position in shares of Comcast by 37.4% during the 2nd quarter. Davidson Investment Advisors now owns 457,691 shares of the cable giant’s stock valued at $16,335,000 after purchasing an additional 124,484 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CMCSA. Moffett Nathanson boosted their target price on shares of Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Williams Trading set a $40.00 price target on shares of Comcast in a research note on Friday, October 31st. The Goldman Sachs Group restated a “neutral” rating and issued a $30.00 price objective (down from $39.00) 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. Finally, Evercore ISI lowered their target price on Comcast from $40.00 to $35.00 and set an “outperform” rating on the stock in a research report 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Comcast presently has an average rating of “Hold” and a consensus target price of $36.29.

Comcast Stock Up 0.1%

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

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

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 annualized dividend and a dividend yield of 4.8%. Comcast’s dividend payout ratio (DPR) is currently 21.96%.

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.