Apollon Wealth Management LLC Has $2.08 Million Stake in Comcast Corporation $CMCSA

Apollon Wealth Management LLC trimmed its position in Comcast Corporation (NASDAQ:CMCSA) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,725 shares of the cable giant’s stock after selling 23,259 shares during the quarter. Apollon Wealth Management LLC’s holdings in Comcast were worth $2,084,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Capital Research Global Investors raised its stake in Comcast by 46.1% during the third quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock worth $1,059,053,000 after acquiring an additional 10,633,206 shares in the last quarter. State Street Corp raised its stake in Comcast by 4.6% during the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after acquiring an additional 7,917,335 shares in the last quarter. SG Americas Securities LLC raised its stake in Comcast by 2,970.5% during the fourth quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock worth $221,028,000 after acquiring an additional 7,153,895 shares in the last quarter. Two Sigma Investments LP raised its stake in Comcast by 1,356.2% during the third quarter. Two Sigma Investments LP now owns 6,556,098 shares of the cable giant’s stock worth $205,993,000 after acquiring an additional 6,105,867 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC raised its stake in Comcast by 554.9% during the second quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock worth $178,634,000 after acquiring an additional 4,240,876 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Comcast

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction dated 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 owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.32% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CMCSA. Pivotal Research lowered Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Wall Street Zen upgraded Comcast to a “hold” rating in a research note on Saturday, March 14th. Rosenblatt Securities restated a “neutral” rating and issued a $30.00 target price on shares of Comcast in a research note on Friday, January 30th. UBS Group lowered their target price on Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research note on Wednesday, April 8th. Ten analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Comcast has an average rating of “Hold” and an average target price of $34.81.

Comcast Price Performance

Comcast stock opened at $28.05 on Tuesday. The business’s 50-day simple moving average is $30.12 and its 200 day simple moving average is $29.18. The stock has a market cap of $100.92 billion, a price-to-earnings ratio of 5.22, a P/E/G ratio of 2.33 and a beta of 0.80. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $36.66. 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 earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $32.35 billion. During the same quarter last year, the business earned $0.96 earnings per share. The company’s revenue was up 1.2% compared to the same quarter last year. As a group, research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders 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 dividend yield of 4.7%. Comcast’s dividend payout ratio (DPR) 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.