Atlantic Union Bankshares Corp Buys 13,932 Shares of Comcast Corporation $CMCSA

Atlantic Union Bankshares Corp boosted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 149.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,231 shares of the cable giant’s stock after buying an additional 13,932 shares during the period. Atlantic Union Bankshares Corp’s holdings in Comcast were worth $829,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cranbrook Wealth Management LLC grew its position in Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after acquiring an additional 350 shares during the last quarter. Global Trust Asset Management LLC lifted its holdings in shares of Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 671 shares in the last quarter. Ransom Advisory Ltd acquired a new stake in shares of Comcast in the 1st quarter valued at about $29,000. Princeton Global Asset Management LLC increased its stake in Comcast by 403.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after buying an additional 686 shares during the last quarter. Finally, Legend Financial Advisors Inc. acquired a new position in Comcast during the second quarter worth $33,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.1%

Shares of NASDAQ CMCSA opened at $27.35 on Friday. The company has a market capitalization of $100.98 billion, a P/E ratio of 4.55, a price-to-earnings-growth ratio of 1.77 and a beta of 0.92. The company’s 50 day moving average price is $30.76 and its 200-day moving average price is $33.09. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $44.63.

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. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The firm had revenue of $30.34 billion for the quarter. Equities analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio is presently 21.96%.

Analyst Ratings Changes

A number of research firms have recently issued reports on CMCSA. Loop Capital cut their target price on shares of Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, October 31st. TD Cowen lowered their price target on shares of Comcast from $46.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 31st. KeyCorp cut Comcast from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 30th. Benchmark decreased their target price on Comcast from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, Morgan Stanley lowered their target price on Comcast from $35.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Friday, October 31st. Ten research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $36.29.

About Comcast

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.