Ashton Thomas Private Wealth LLC Acquires 146,339 Shares of Comcast Corporation $CMCSA

Ashton Thomas Private Wealth LLC increased its stake in Comcast Corporation (NASDAQ:CMCSAFree Report) by 75.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 340,764 shares of the cable giant’s stock after purchasing an additional 146,339 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Comcast were worth $10,707,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital A Wealth Management LLC raised its position in shares of Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after buying an additional 436 shares in the last quarter. Avalon Trust Co increased its stake in Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 624 shares during the last quarter. Howard Hughes Medical Institute bought a new position in Comcast in the second quarter valued at $29,000. Princeton Global Asset Management LLC raised its position in Comcast by 403.5% during the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after purchasing an additional 686 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in Comcast during the second quarter worth about $31,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Up 0.6%

Shares of CMCSA opened at $29.76 on Wednesday. The stock has a market capitalization of $108.44 billion, a P/E ratio of 5.54, a PEG ratio of 2.25 and a beta of 0.81. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $37.97. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The firm has a fifty day simple moving average of $28.53 and a two-hundred day simple moving average of $30.22.

Comcast (NASDAQ:CMCSAGet Free Report) last released its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. The firm had revenue of $32.31 billion for the quarter, compared to analysts’ expectations of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.96 earnings per share. On average, research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.4%. Comcast’s dividend payout ratio is presently 24.58%.

Analysts Set New Price Targets

CMCSA has been the topic of several recent research reports. KeyCorp lowered Comcast from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 30th. Evercore ISI cut their target price on Comcast from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Royal Bank Of Canada reduced their price target on shares of Comcast from $32.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Friday, January 16th. Exane BNP Paribas reissued a “neutral” rating on shares of Comcast in a research note on Tuesday, January 27th. Finally, UBS Group cut their price objective on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Ten equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Comcast presently has an average rating of “Hold” and an average target price of $34.90.

View Our Latest Stock Report on Comcast

Key Comcast News

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About Comcast

(Free Report)

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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