180 Wealth Advisors LLC Decreases Position in Comcast Corporation $CMCSA

180 Wealth Advisors LLC lessened its position in Comcast Corporation (NASDAQ:CMCSA) by 52.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 71,983 shares of the cable giant’s stock after selling 79,079 shares during the period. 180 Wealth Advisors LLC’s holdings in Comcast were worth $2,152,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Capital A Wealth Management LLC lifted its stake in 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 acquiring an additional 436 shares during the period. Howard Hughes Medical Institute bought a new stake in shares of Comcast in the second quarter worth approximately $29,000. Imprint Wealth LLC bought a new stake in shares of Comcast in the third quarter worth approximately $26,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Comcast during the second quarter valued at approximately $31,000. Finally, United Financial Planning Group LLC bought a new position in Comcast during the third quarter valued at approximately $28,000. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Sanford C. Bernstein dropped their target price on shares of Comcast from $34.00 to $32.00 and set a “market perform” rating on the stock in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Comcast from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Barclays set a $28.00 price target on Comcast and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Bank of America raised Comcast from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $31.00 to $37.00 in a report on Monday, January 12th. Finally, TD Cowen reduced their price objective on Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Ten investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Comcast presently has a consensus rating of “Hold” and an average target price of $34.87.

Comcast Stock Up 0.1%

Shares of CMCSA stock opened at $29.02 on Monday. The company’s fifty day simple moving average is $30.27 and its two-hundred day simple moving average is $29.67. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $37.72. The stock has a market cap of $104.41 billion, a P/E ratio of 5.40, a PEG ratio of 2.26 and a beta of 0.79. 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 issued its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. The firm had revenue of $32.31 billion during the quarter, compared to analyst estimates of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share. Analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be paid a $0.33 dividend. 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 4.5%. Comcast’s payout ratio is presently 24.58%.

Insider Activity

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the sale, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This represents a 8.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.26% of the stock is owned by company insiders.

Comcast Profile

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.