Comcast Corporation $CMCSA Shares Acquired by ProVise Management Group LLC

ProVise Management Group LLC raised its stake in Comcast Corporation (NASDAQ:CMCSA) by 4.8% during the second quarter, Holdings Channel.com reports. The firm owned 494,281 shares of the cable giant’s stock after purchasing an additional 22,611 shares during the quarter. Comcast accounts for about 1.4% of ProVise Management Group LLC’s portfolio, making the stock its 19th largest position. ProVise Management Group LLC’s holdings in Comcast were worth $17,641,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sculati Wealth Management LLC increased its position in shares of Comcast by 3.5% in the 2nd quarter. Sculati Wealth Management LLC now owns 37,628 shares of the cable giant’s stock valued at $1,343,000 after purchasing an additional 1,261 shares during the last quarter. OmniStar Financial Group Inc. increased its holdings in Comcast by 15.0% in the second quarter. OmniStar Financial Group Inc. now owns 16,401 shares of the cable giant’s stock valued at $585,000 after buying an additional 2,144 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Comcast by 5.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 913,396 shares of the cable giant’s stock worth $32,599,000 after buying an additional 50,885 shares during the last quarter. Empower Advisory Group LLC increased its holdings in shares of Comcast by 9.0% in the 2nd quarter. Empower Advisory Group LLC now owns 2,293,159 shares of the cable giant’s stock valued at $81,843,000 after acquiring an additional 188,409 shares during the last quarter. Finally, Security Financial Services INC. lifted its stake in Comcast by 26.8% during the second quarter. Security Financial Services INC. now owns 12,488 shares of the cable giant’s stock worth $446,000 after purchasing an additional 2,637 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMCSA has been the subject of several research analyst reports. Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, October 31st. TD Cowen dropped their price objective on Comcast from $46.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 31st. The Goldman Sachs Group reissued a “neutral” rating and issued a $30.00 target price (down from $39.00) on shares of Comcast in a report on Friday, October 31st. Pivotal Research dropped their price target on Comcast from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Finally, Sanford C. Bernstein reduced their price objective on Comcast from $36.00 to $34.00 and set a “market perform” rating for the company 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 two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $36.12.

Comcast Trading Down 1.6%

NASDAQ CMCSA opened at $27.51 on Friday. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $44.03. The firm has a 50-day moving average price of $30.12 and a 200 day moving average price of $32.88. The stock has a market capitalization of $100.24 billion, a P/E ratio of 4.58, a P/E/G ratio of 1.82 and a beta of 0.92. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96.

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. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The business had revenue of $30.34 billion during the quarter. Equities research analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders 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 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.