Capital Asset Advisory Services LLC Buys 33,023 Shares of Comcast Corporation $CMCSA

Capital Asset Advisory Services LLC lifted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 34.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 128,539 shares of the cable giant’s stock after purchasing an additional 33,023 shares during the period. Capital Asset Advisory Services LLC’s holdings in Comcast were worth $3,525,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cape Investment Advisory Inc. raised its position in Comcast by 2.6% during the second quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock worth $438,000 after acquiring an additional 307 shares in the last quarter. Titleist Asset Management LLC increased its stake in shares of Comcast by 4.7% during the 2nd quarter. Titleist Asset Management LLC now owns 7,618 shares of the cable giant’s stock worth $272,000 after purchasing an additional 342 shares during the last quarter. Lakeshore Capital Group Inc. increased its stake in shares of Comcast by 2.6% during the 3rd quarter. Lakeshore Capital Group Inc. now owns 13,636 shares of the cable giant’s stock worth $428,000 after purchasing an additional 343 shares during the last quarter. Hengehold Capital Management LLC raised its holdings in shares of Comcast by 0.5% in the 3rd quarter. Hengehold Capital Management LLC now owns 82,778 shares of the cable giant’s stock valued at $2,601,000 after purchasing an additional 372 shares during the period. Finally, Commonwealth Financial Services LLC raised its holdings in shares of Comcast by 4.6% in the 3rd quarter. Commonwealth Financial Services LLC now owns 8,429 shares of the cable giant’s stock valued at $265,000 after purchasing an additional 372 shares during the period. 84.32% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction 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 transaction, the chief executive officer owned 622,336 shares in the company, valued at $20,325,493.76. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CMCSA shares. Arete Research set a $23.00 price target on Comcast in a report on Tuesday, January 6th. Zacks Research lowered Comcast from a “hold” rating to a “strong sell” rating in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft cut their price objective on Comcast from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, January 30th. UBS Group decreased their target price on Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. Finally, Royal Bank Of Canada dropped their price target on Comcast from $32.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Friday, January 16th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Comcast currently has an average rating of “Hold” and a consensus price target of $34.87.

Comcast Trading Down 0.0%

Shares of CMCSA stock opened at $29.01 on Tuesday. The firm has a 50 day moving average price of $30.27 and a two-hundred day moving average price of $29.63. 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 company has a market capitalization of $104.37 billion, a PE ratio of 5.40, a price-to-earnings-growth ratio of 2.26 and a beta of 0.79. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $37.72.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, beating the consensus estimate of $0.75 by $0.09. The company had revenue of $32.31 billion for the quarter, compared to the consensus estimate of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 earnings per share. As a group, analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

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 issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio is currently 24.58%.

Comcast Company 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.