Compass Wealth Management LLC Decreases Holdings in Comcast Corporation (NASDAQ:CMCSA)

Compass Wealth Management LLC lowered its stake in Comcast Corporation (NASDAQ:CMCSA) by 51.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,867 shares of the cable giant’s stock after selling 16,555 shares during the period. Compass Wealth Management LLC’s holdings in Comcast were worth $585,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CMCSA. Inlight Wealth Management LLC purchased a new stake in Comcast in the first quarter worth $26,000. Retirement Wealth Solutions LLC grew its holdings in shares of Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock valued at $30,000 after buying an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in Comcast during the 4th quarter valued at $33,000. Global Wealth Strategies & Associates boosted its position in shares of Comcast by 203.4% during the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant’s stock valued at $33,000 after buying an additional 600 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Comcast in the fourth quarter worth approximately $36,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Evercore ISI dropped their price target on shares of Comcast from $44.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Scotiabank reaffirmed a “sector perform” rating and set a $44.50 price objective (down from $45.00) on shares of Comcast in a research report on Friday, April 25th. TD Cowen lowered their price target on shares of Comcast from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Rothschild & Co Redburn lowered their price target on shares of Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Finally, Argus cut shares of Comcast from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $40.96.

Comcast Stock Performance

NASDAQ CMCSA opened at $35.93 on Friday. The stock’s 50 day simple moving average is $34.81 and its 200-day simple moving average is $35.50. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $134.13 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 1.74 and a beta of 0.95. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same period last year, the company posted $1.04 EPS. The business’s revenue was down .6% on a year-over-year basis. As a group, equities research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Wednesday, July 2nd. Comcast’s payout ratio is 32.43%.

Comcast Profile

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.