Comcast Corporation $CMCSA Stock Holdings Lessened by Alliance Wealth Advisors LLC

Alliance Wealth Advisors LLC trimmed its stake in Comcast Corporation (NASDAQ:CMCSA) by 50.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,821 shares of the cable giant’s stock after selling 18,052 shares during the quarter. Alliance Wealth Advisors LLC’s holdings in Comcast were worth $533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Osaic Holdings Inc. grew its stake in Comcast by 39.9% in the second quarter. Osaic Holdings Inc. now owns 1,055,192 shares of the cable giant’s stock valued at $37,954,000 after purchasing an additional 300,898 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Comcast by 9.7% during the 3rd quarter. Principal Financial Group Inc. now owns 7,536,937 shares of the cable giant’s stock worth $236,810,000 after purchasing an additional 665,635 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its stake in shares of Comcast by 75.3% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 340,764 shares of the cable giant’s stock worth $10,707,000 after purchasing an additional 146,339 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd lifted its holdings in shares of Comcast by 1.0% during the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 11,327,445 shares of the cable giant’s stock valued at $355,908,000 after buying an additional 113,461 shares during the last quarter. Finally, Candriam S.C.A. grew its stake in shares of Comcast by 3.5% in the 3rd quarter. Candriam S.C.A. now owns 952,154 shares of the cable giant’s stock valued at $29,917,000 after buying an additional 32,262 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of research reports. Arete Research set a $23.00 price objective on Comcast in a report on Tuesday, January 6th. Rosenblatt Securities reiterated a “neutral” rating and issued a $30.00 target price on shares of Comcast in a research note on Friday, January 30th. Barclays set a $28.00 target price on shares of Comcast and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. Wall Street Zen upgraded shares of Comcast to a “hold” rating in a report on Saturday, March 14th. Finally, Zacks Research lowered shares of Comcast from a “hold” rating to a “strong sell” rating in a research note on Friday, February 20th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Comcast presently has an average rating of “Hold” and an average price target of $34.76.

Insider Transactions at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.26% of the company’s stock.

Comcast Price Performance

CMCSA opened at $28.33 on Monday. The firm has a market cap of $101.93 billion, a P/E ratio of 5.28, a price-to-earnings-growth ratio of 2.22 and a beta of 0.79. 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 business has a 50 day moving average price of $30.31 and a 200 day moving average price of $29.49. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $37.48.

Comcast (NASDAQ:CMCSA) last announced its quarterly 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. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The company had revenue of $32.31 billion for the quarter, compared to the consensus estimate of $32.35 billion. During the same quarter last year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Research analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be paid a $0.33 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.7%. Comcast’s dividend payout ratio (DPR) is presently 24.58%.

About Comcast

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.