Hantz Financial Services Inc. Sells 25,577 Shares of Comcast Corporation $CMCSA

Hantz Financial Services Inc. cut its holdings in Comcast Corporation (NASDAQ:CMCSAFree Report) by 7.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 315,527 shares of the cable giant’s stock after selling 25,577 shares during the quarter. Hantz Financial Services Inc.’s holdings in Comcast were worth $9,914,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Osaic Holdings Inc. increased its stake in Comcast by 39.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,055,192 shares of the cable giant’s stock worth $37,954,000 after acquiring an additional 300,898 shares during the period. Vanguard Group Inc. grew its holdings in shares of Comcast by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock worth $13,185,275,000 after purchasing an additional 1,257,196 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its position in shares of Comcast by 47.7% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 532,315 shares of the cable giant’s stock worth $18,998,000 after purchasing an additional 171,929 shares during the period. Aberdeen Group plc raised its stake in Comcast by 5.4% in the second quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock valued at $103,142,000 after purchasing an additional 147,231 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its position in Comcast by 20.0% during the second quarter. Penserra Capital Management LLC now owns 82,089 shares of the cable giant’s stock worth $2,928,000 after purchasing an additional 13,653 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Up 0.6%

CMCSA stock opened at $29.76 on Wednesday. The stock’s 50 day simple moving average is $28.53 and its 200 day simple moving average is $30.22. The company has a market cap of $108.44 billion, a P/E ratio of 5.54, a price-to-earnings-growth ratio of 2.25 and a beta of 0.81. 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 fifty-two week low of $25.75 and a fifty-two week high of $37.97.

Comcast (NASDAQ:CMCSAGet Free Report) last announced its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm had revenue of $32.31 billion during the quarter, compared to analysts’ expectations of $32.35 billion. During the same quarter last year, the firm posted $0.96 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal 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 paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Wednesday, April 1st. Comcast’s payout ratio is 24.58%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CMCSA. Morgan Stanley dropped their target price on shares of Comcast from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 10th. Daiwa Capital Markets lowered their price objective on shares of Comcast from $38.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, November 18th. Bank of America raised Comcast from a “neutral” rating to a “buy” rating and raised their target price for the company from $31.00 to $37.00 in a report on Monday, January 12th. Benchmark lowered their price target on Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a report on Monday, January 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Comcast from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Ten investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $34.90.

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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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