Wealthspire Advisors LLC Has $2.17 Million Position in Comcast Corporation $CMCSA

Wealthspire Advisors LLC decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 6.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 60,672 shares of the cable giant’s stock after selling 4,227 shares during the period. Wealthspire Advisors LLC’s holdings in Comcast were worth $2,165,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. QRG Capital Management Inc. boosted its position in Comcast by 13.0% during the 2nd quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock worth $25,867,000 after buying an additional 83,631 shares during the period. Advisor OS LLC grew its stake in shares of 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. Vanguard Group Inc. increased its holdings in Comcast by 0.3% in the second quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock valued at $13,185,275,000 after purchasing an additional 1,257,196 shares during the period. Aberdeen Group plc raised its position in Comcast by 5.4% during the 2nd quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock worth $103,142,000 after purchasing an additional 147,231 shares during the last quarter. Finally, Penserra Capital Management LLC increased its stake in shares of Comcast by 20.0% in the second quarter. Penserra Capital Management LLC now owns 82,089 shares of the cable giant’s stock valued at $2,928,000 after buying an additional 13,653 shares during the period. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several recent analyst reports. KeyCorp cut shares of Comcast from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 30th. Rosenblatt Securities decreased their price target on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, October 17th. Zacks Research lowered Comcast from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Morgan Stanley cut their target price on Comcast from $35.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Friday, October 31st. Finally, Loop Capital decreased their target price on Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Eleven research 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 company’s stock. Based on data from MarketBeat.com, Comcast presently has a consensus rating of “Hold” and a consensus target price of $35.92.

Comcast Trading Down 1.8%

NASDAQ CMCSA opened at $26.87 on Thursday. 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 Corporation has a 52 week low of $25.75 and a 52 week high of $44.03. The business has a 50 day moving average price of $29.73 and a 200-day moving average price of $32.73. The company has a market cap of $97.91 billion, a price-to-earnings ratio of 4.47, a P/E/G ratio of 1.88 and a beta of 0.92.

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

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.9%. 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.