Comcast Corporation $CMCSA Shares Sold by WCG Wealth Advisors LLC

WCG Wealth Advisors LLC trimmed its position in Comcast Corporation (NASDAQ:CMCSA) by 77.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,591 shares of the cable giant’s stock after selling 55,832 shares during the quarter. WCG Wealth Advisors LLC’s holdings in Comcast were worth $496,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CMCSA. Imprint Wealth LLC purchased a new position in shares of Comcast in the 3rd quarter worth about $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Comcast in the 4th quarter worth about $27,000. United Financial Planning Group LLC purchased a new position in shares of Comcast in the 3rd quarter worth about $28,000. Olistico Wealth LLC purchased a new position in shares of Comcast in the 4th quarter worth about $29,000. Finally, Richardson Financial Services Inc. raised its holdings in shares of Comcast by 212.6% in the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after purchasing an additional 691 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Up 2.1%

Shares of Comcast stock opened at $23.82 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The company has a fifty day moving average price of $26.77 and a 200 day moving average price of $28.42. The stock has a market cap of $85.09 billion, a price-to-earnings ratio of 4.69, a price-to-earnings-growth ratio of 1.94 and a beta of 0.67. Comcast Corporation has a twelve month low of $23.13 and a twelve month high of $36.66.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data 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 company had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 EPS. Equities research analysts forecast that Comcast Corporation will post 3.53 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio is presently 25.98%.

Analysts Set New Price Targets

A number of analysts recently weighed in on CMCSA shares. BNP Paribas Exane decreased their price target 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. Rosenblatt Securities decreased their price target on shares of Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft cut shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 price target for the company. in a research report on Friday, April 24th. Finally, Scotiabank upped their price target on shares of Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Comcast presently has an average rating of “Hold” and a consensus target price of $34.56.

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.