Wrapmanager Inc. Has $817,000 Stake in Comcast Corporation $CMCSA

Wrapmanager Inc. grew its holdings in Comcast Corporation (NASDAQ:CMCSA) by 75.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,882 shares of the cable giant’s stock after purchasing an additional 9,862 shares during the quarter. Wrapmanager Inc.’s holdings in Comcast were worth $817,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in CMCSA. Global Trust Asset Management LLC raised its holdings in shares of 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 buying an additional 671 shares during the last quarter. Cranbrook Wealth Management LLC increased its position in Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 350 shares in the last quarter. Avalon Trust Co raised its stake in shares of Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after acquiring an additional 624 shares during the last quarter. Ransom Advisory Ltd bought a new position in shares of Comcast in the first quarter worth about $29,000. Finally, Princeton Global Asset Management LLC lifted its position in shares of Comcast by 403.5% during the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after purchasing an additional 686 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.3%

NASDAQ CMCSA opened at $27.97 on Friday. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $44.06. The stock has a 50-day simple moving average of $30.25 and a 200 day simple moving average of $32.93. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $101.92 billion, a PE ratio of 4.65, a P/E/G ratio of 1.81 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 (EPS) for the quarter. The firm had revenue of $30.34 billion for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. Research analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 4.7%. Comcast’s dividend payout ratio (DPR) is presently 21.96%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CMCSA. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a report on Tuesday, October 14th. Oppenheimer set a $38.00 target price on Comcast in a research note on Tuesday, November 4th. Bank of America dropped their target price on Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. Citigroup decreased their price target on Comcast from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Zacks Research lowered Comcast from a “hold” rating to a “strong sell” rating in a research report on Monday. Ten investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Comcast has an average rating of “Hold” and a consensus target price of $36.12.

Comcast Company 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.