Allworth Financial LP Boosts Stake in Comcast Corporation $CMCSA

Allworth Financial LP increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 5.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,934 shares of the cable giant’s stock after acquiring an additional 4,834 shares during the period. Allworth Financial LP’s holdings in Comcast were worth $3,317,000 as of its most recent SEC filing.

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

Comcast Stock Performance

Shares of CMCSA stock opened at $27.89 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $101.63 billion, a price-to-earnings ratio of 4.64, a price-to-earnings-growth ratio of 1.78 and a beta of 0.92. Comcast Corporation has a one year low of $25.75 and a one year high of $44.19. The company has a 50 day moving average price of $30.37 and a 200 day moving average price of $32.96.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share 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%. Sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be issued a $0.33 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 4.7%. Comcast’s dividend payout ratio (DPR) is presently 21.96%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CMCSA. Oppenheimer set a $38.00 price target on Comcast in a research report on Tuesday, November 4th. Zacks Research cut shares of Comcast from a “hold” rating to a “strong sell” rating in a research report on Monday. JPMorgan Chase & Co. reduced their price target on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. UBS Group set a $34.00 price objective on shares of Comcast in a research note on Friday, October 31st. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Comcast from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Ten research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Comcast presently has a consensus rating of “Hold” and an average price target 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.