Comcast Corporation $CMCSA Shares Purchased by CreativeOne Wealth LLC

CreativeOne Wealth LLC boosted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 100.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,286 shares of the cable giant’s stock after acquiring an additional 23,644 shares during the period. CreativeOne Wealth LLC’s holdings in Comcast were worth $1,486,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Capital A Wealth Management LLC boosted its holdings in shares of Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after purchasing an additional 436 shares during the last quarter. Avalon Trust Co grew its position in shares of Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 624 shares in the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Comcast in the second quarter valued at approximately $29,000. Newbridge Financial Services Group Inc. purchased a new position in Comcast during the second quarter worth approximately $31,000. Finally, Corsicana & Co. purchased a new position in Comcast during the third quarter worth approximately $32,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Transactions at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were 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 in the company, valued at $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.26% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CMCSA has been the subject of several analyst reports. Barclays set a $28.00 target price on Comcast and gave the company an “equal weight” rating in a report on Tuesday, January 13th. BNP Paribas Exane cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $27.00 price target on the stock. in a research report on Tuesday, February 24th. Zacks Research lowered shares of Comcast from a “hold” rating to a “strong sell” rating in a report on Friday, February 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research report on Friday, January 9th. Finally, Scotiabank reduced their target price on shares of Comcast from $37.50 to $35.25 and set a “sector perform” rating on the stock in a research note on Friday, January 30th. Ten analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Comcast currently has a consensus rating of “Hold” and a consensus target price of $34.87.

Comcast Stock Up 0.1%

NASDAQ:CMCSA opened at $31.07 on Wednesday. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $37.72. The stock’s fifty day moving average is $30.10 and its two-hundred day moving average is $29.90. The stock has a market capitalization of $111.79 billion, a price-to-earnings ratio of 5.79, a price-to-earnings-growth ratio of 2.42 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 business had revenue of $32.31 billion during the quarter, compared to analysts’ expectations of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The company’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 earnings per share. Research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s payout ratio is currently 24.58%.

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.