Asset One Wealth Management LLC Invests $3.33 Million in Comcast Corporation $CMCSA

Asset One Wealth Management LLC acquired a new stake in Comcast Corporation (NASDAQ:CMCSA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 112,579 shares of the cable giant’s stock, valued at approximately $3,331,000.

Several other hedge funds have also recently bought and sold shares of the company. Lowe Brockenbrough & Co. Inc. increased its stake in Comcast by 4.9% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 7,532 shares of the cable giant’s stock valued at $225,000 after buying an additional 352 shares during the period. Cora Capital Advisors LLC increased its stake in Comcast by 3.4% during the 4th quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock valued at $329,000 after buying an additional 362 shares during the period. FSA Advisors Inc. increased its stake in Comcast by 5.5% during the 3rd quarter. FSA Advisors Inc. now owns 7,203 shares of the cable giant’s stock valued at $226,000 after buying an additional 376 shares during the period. Oakworth Capital Inc. grew its stake in shares of Comcast by 7.4% in the 4th quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock worth $164,000 after purchasing an additional 377 shares during the last quarter. Finally, WPG Advisers LLC grew its stake in shares of Comcast by 15.9% in the 4th quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock worth $84,000 after purchasing an additional 384 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Down 4.1%

Shares of NASDAQ:CMCSA opened at $22.69 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $81.05 billion, a PE ratio of 4.47, a price-to-earnings-growth ratio of 1.93 and a beta of 0.67. Comcast Corporation has a 52 week low of $22.55 and a 52 week high of $36.66. The firm has a 50 day simple moving average of $26.05 and a 200 day simple moving average of $28.26.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating the consensus estimate of $0.73 by $0.06. The business had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 EPS. As a group, research analysts expect that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio is 25.98%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CMCSA shares. Citigroup lifted their price objective on shares of Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a research note on Friday, April 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research note on Wednesday, April 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $29.00 price objective on shares of Comcast in a research note on Thursday, April 23rd. Rosenblatt Securities lowered their price objective on shares of Comcast from $30.00 to $24.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Finally, Moffett Nathanson lowered their price objective on shares of Comcast from $53.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday. Nine investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $34.52.

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.