Modern Wealth Management LLC Has $533,000 Holdings in Comcast Corporation $CMCSA

Modern Wealth Management LLC increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 35.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,456 shares of the cable giant’s stock after buying an additional 3,769 shares during the quarter. Modern Wealth Management LLC’s holdings in Comcast were worth $533,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Dodge & Cox raised its stake in shares of Comcast by 19.1% in the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after purchasing an additional 15,115,074 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Comcast by 16.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,356,027 shares of the cable giant’s stock valued at $1,326,912,000 after purchasing an additional 4,991,891 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Comcast by 2.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock valued at $1,240,955,000 after purchasing an additional 926,663 shares during the period. Nuveen LLC acquired a new stake in shares of Comcast in the 1st quarter valued at about $940,015,000. Finally, Harris Associates L P raised its stake in shares of Comcast by 0.5% in the 1st quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock valued at $759,938,000 after purchasing an additional 111,662 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on CMCSA shares. Royal Bank Of Canada started coverage on Comcast in a research note on Monday, September 8th. They issued a “sector perform” rating and a $38.00 price target on the stock. Scotiabank lifted their price target on Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a research note on Friday, July 11th. Benchmark reaffirmed a “buy” rating on shares of Comcast in a research report on Friday, July 18th. Barclays lowered their target price on Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Finally, Citigroup reaffirmed a “buy” rating on shares of Comcast in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $40.56.

Comcast Stock Down 1.0%

CMCSA stock opened at $33.06 on Monday. The company has a market cap of $122.06 billion, a PE ratio of 5.46, a price-to-earnings-growth ratio of 1.98 and a beta of 0.93. The business has a 50-day simple moving average of $33.79 and a 200 day simple moving average of $34.59. Comcast Corporation has a 52 week low of $31.03 and a 52 week high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. The business had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%.Comcast’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 earnings per share. Sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s payout ratio is 21.82%.

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.