Advanced Portfolio Management LLC Acquires Shares of 40,000 Comcast Corporation $CMCSA

Advanced Portfolio Management LLC bought a new position in shares of Comcast Corporation (NASDAQ:CMCSA) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 40,000 shares of the cable giant’s stock, valued at approximately $1,428,000. Comcast accounts for 4.0% of Advanced Portfolio Management LLC’s portfolio, making the stock its 10th largest holding.

Other large investors also recently made changes to their positions in the company. Cranbrook Wealth Management LLC grew its stake in shares of Comcast by 86.0% during the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares during the period. Global Trust Asset Management LLC boosted its holdings in Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after buying an additional 671 shares during the last quarter. Avalon Trust Co grew its position in shares of Comcast by 433.3% during the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after buying an additional 624 shares during the period. Ransom Advisory Ltd acquired a new position in shares of Comcast during the 1st quarter worth about $29,000. Finally, Princeton Global Asset Management LLC increased its stake 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 valued at $31,000 after acquiring an additional 686 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of Comcast stock opened at $27.20 on Friday. The stock has a market cap of $99.11 billion, a price-to-earnings ratio of 4.53, a P/E/G ratio of 1.88 and a beta of 0.83. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $43.30. The company’s fifty day moving average is $28.57 and its 200 day moving average is $32.14. 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 (NASDAQ:CMCSA) last announced its 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 business had revenue of $30.34 billion during the quarter. Sell-side analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s payout ratio is currently 21.96%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Zacks Research lowered shares of Comcast from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Royal Bank Of Canada reduced their price target on shares of Comcast from $38.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Citigroup decreased their price target on shares of Comcast from $39.00 to $35.00 and set a “buy” rating for the company in a report on Friday, October 31st. Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. Finally, Sanford C. Bernstein reduced their target price on Comcast from $36.00 to $34.00 and set a “market perform” rating on the stock in a report on Friday, October 31st. Eleven 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. Based on data from MarketBeat, Comcast currently has a consensus rating of “Hold” and an average target price of $35.82.

Comcast Company 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.