Tulsa Wealth Advisors INC Purchases New Position in Comcast Corporation $CMCSA

Tulsa Wealth Advisors INC acquired a new position in Comcast Corporation (NASDAQ:CMCSA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 93,622 shares of the cable giant’s stock, valued at approximately $2,798,000.

Other large investors also recently added to or reduced their stakes in the company. Reflection Asset Management acquired a new position in shares of Comcast during the 4th quarter worth $116,000. Arwa LLC bought a new stake in Comcast in the fourth quarter worth $430,000. Strategic Investment Solutions Inc. IL increased its position in Comcast by 330.1% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 5,217 shares of the cable giant’s stock worth $156,000 after buying an additional 4,004 shares during the last quarter. MidFirst Bank bought a new position in Comcast during the fourth quarter valued at about $1,774,000. Finally, DGS Capital Management LLC lifted its position in shares of Comcast by 23.7% in the fourth quarter. DGS Capital Management LLC now owns 45,997 shares of the cable giant’s stock worth $1,375,000 after buying an additional 8,805 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Stock Performance

Shares of CMCSA stock opened at $22.43 on Friday. Comcast Corporation has a 1 year low of $22.38 and a 1 year high of $36.66. The firm’s fifty day simple moving average is $25.83 and its 200 day simple moving average is $28.19. The firm has a market capitalization of $80.13 billion, a P/E ratio of 4.42, a price-to-earnings-growth ratio of 1.83 and a beta of 0.67. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. The firm 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 business’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 EPS. As a group, sell-side analysts predict that Comcast Corporation will post 3.53 EPS for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a yield of 5.9%. Comcast’s dividend payout ratio (DPR) is 25.98%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CMCSA. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a report on Wednesday, April 8th. KeyCorp reissued a “sector weight” rating on shares of Comcast in a research report on Thursday, April 23rd. Evercore upped their price objective on shares of Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Scotiabank lifted their target price on shares of Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Finally, BNP Paribas Exane cut their target price on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a research report on Wednesday, April 8th. Nine research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $34.50.

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.