Comcast Corporation $CMCSA Shares Bought by CW Advisors LLC

CW Advisors LLC grew its stake in Comcast Corporation (NASDAQ:CMCSA) by 56.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 209,871 shares of the cable giant’s stock after buying an additional 75,764 shares during the period. CW Advisors LLC’s holdings in Comcast were worth $7,490,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Cranbrook Wealth Management LLC grew its holdings 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 last quarter. Global Trust Asset Management LLC lifted its holdings in shares of Comcast by 906.8% in 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 during the last quarter. Avalon Trust Co boosted its position in shares of Comcast by 433.3% in the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 624 shares during the period. Ransom Advisory Ltd purchased a new position in Comcast during the 1st quarter worth approximately $29,000. Finally, Princeton Global Asset Management LLC grew its stake in Comcast by 403.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after buying an additional 686 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Benchmark reduced their price objective on Comcast from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Oppenheimer set a $38.00 price target on shares of Comcast in a research report on Tuesday, November 4th. Loop Capital decreased their price target 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. JPMorgan Chase & Co. lowered their price objective on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Finally, UBS Group set a $34.00 price objective on shares of Comcast in a research note on Friday, October 31st. Eleven research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $35.82.

Comcast Stock Down 0.8%

Shares of Comcast stock opened at $27.20 on Friday. Comcast Corporation has a one year low of $25.75 and a one year high of $43.30. The company has a market cap of $99.11 billion, a P/E ratio of 4.53, a PEG ratio of 1.88 and a beta of 0.83. 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 fifty day moving average of $28.57 and a two-hundred day moving average of $32.14.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The business 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%. On average, analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is currently 21.96%.

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.