AE Wealth Management LLC Has $20.17 Million Stake in Comcast Corporation $CMCSA

AE Wealth Management LLC boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 565,198 shares of the cable giant’s stock after purchasing an additional 39,396 shares during the period. AE Wealth Management LLC’s holdings in Comcast were worth $20,172,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Foster Group Inc. raised its position in Comcast by 4.0% during the second quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock valued at $265,000 after buying an additional 282 shares during the period. Argyle Capital Management LLC increased its holdings in shares of Comcast by 0.5% in the 2nd quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock valued at $2,184,000 after purchasing an additional 300 shares during the period. Clearstead Trust LLC lifted its position in shares of Comcast by 5.2% in the first quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock worth $227,000 after purchasing an additional 305 shares in the last quarter. Webster Bank N. A. lifted its position in shares of Comcast by 2.9% in the second quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock worth $386,000 after purchasing an additional 305 shares in the last quarter. Finally, United Asset Strategies Inc. boosted its holdings in shares of Comcast by 2.2% during the first quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock worth $519,000 after purchasing an additional 308 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CMCSA shares. TD Cowen dropped their price objective on shares of Comcast from $46.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. KeyCorp cut shares of Comcast from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 30th. Morgan Stanley dropped their price target on shares of Comcast from $35.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Friday, October 31st. UBS Group set a $34.00 price objective on Comcast in a research report on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. Ten research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Comcast presently has a consensus rating of “Hold” and an average price target of $36.29.

Comcast Price Performance

NASDAQ:CMCSA opened at $27.35 on Friday. 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 has a fifty day moving average price of $30.76 and a 200 day moving average price of $33.09. The stock has a market cap of $100.98 billion, a P/E ratio of 4.55, a PEG ratio of 1.77 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 company had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. Analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 4.8%. Comcast’s dividend payout ratio is 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.