Axxcess Wealth Management LLC Acquires 7,443 Shares of Comcast Corporation $CMCSA

Axxcess Wealth Management LLC increased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 6.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,579 shares of the cable giant’s stock after purchasing an additional 7,443 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Comcast were worth $4,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CMCSA. Brighton Jones LLC grew its stake in shares of Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after purchasing an additional 99,986 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Comcast by 19.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 883,677 shares of the cable giant’s stock worth $32,608,000 after purchasing an additional 143,593 shares during the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of Comcast by 74.3% in the first quarter. Dynamic Advisor Solutions LLC now owns 51,932 shares of the cable giant’s stock worth $1,916,000 after purchasing an additional 22,135 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of Comcast by 66.6% in the first quarter. Sound Income Strategies LLC now owns 5,671 shares of the cable giant’s stock worth $209,000 after purchasing an additional 2,267 shares during the last quarter. Finally, Mission Wealth Management LP grew its stake in shares of Comcast by 13.0% in the first quarter. Mission Wealth Management LP now owns 49,177 shares of the cable giant’s stock worth $1,815,000 after purchasing an additional 5,668 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. UBS Group set a $43.00 price objective on Comcast in a research report on Friday, October 3rd. Bank of America cut their price objective on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Benchmark reaffirmed a “buy” rating on shares of Comcast in a research report on Friday, July 18th. KeyCorp cut their price objective on Comcast from $45.00 to $43.00 and set an “overweight” rating on the stock in a research report on Friday, October 3rd. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $45.50 price objective (up from $45.00) on shares of Comcast in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Comcast has a consensus rating of “Hold” and a consensus price target of $39.94.

Comcast Price Performance

CMCSA stock opened at $29.99 on Wednesday. The firm has a 50 day moving average price of $32.37 and a 200-day moving average price of $33.83. Comcast Corporation has a 52-week low of $29.39 and a 52-week high of $45.31. The firm has a market capitalization of $110.73 billion, a price-to-earnings ratio of 4.96, a PEG ratio of 1.74 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91.

Comcast (NASDAQ:CMCSA) last released its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The firm had revenue of $30.34 billion during the quarter. Equities research analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.4%. Comcast’s dividend payout ratio is 21.82%.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.