Cromwell Holdings LLC Has $301,000 Stock Position in Comcast Corporation $CMCSA

Cromwell Holdings LLC reduced its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 30.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,437 shares of the cable giant’s stock after selling 3,611 shares during the quarter. Cromwell Holdings LLC’s holdings in Comcast were worth $301,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Inlight Wealth Management LLC bought a new stake in Comcast during the 1st quarter worth about $26,000. Cranbrook Wealth Management LLC raised its holdings in Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares during the last quarter. Global Trust Asset Management LLC raised its holdings in Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares during the last quarter. Abound Financial LLC bought a new stake in Comcast during the 1st quarter worth about $29,000. Finally, Ransom Advisory Ltd bought a new stake in Comcast during the 1st quarter worth about $29,000. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

NASDAQ CMCSA opened at $30.40 on Friday. Comcast Corporation has a 52-week low of $30.38 and a 52-week high of $45.31. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The business has a 50 day simple moving average of $32.79 and a 200 day simple moving average of $34.20. The stock has a market cap of $112.24 billion, a price-to-earnings ratio of 5.02, a PEG ratio of 1.81 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The firm had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. During the same quarter in the prior year, the firm posted $1.21 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.3%. Comcast’s dividend payout ratio is 21.82%.

Analyst Ratings Changes

Several brokerages have weighed in on CMCSA. Bank of America dropped their price objective on Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Monday. Barclays decreased their target price on Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. UBS Group decreased their target price on Comcast from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, August 1st. Rothschild & Co Redburn lowered their target price on Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Finally, Citigroup reissued a “buy” rating on shares of Comcast in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Comcast presently has an average rating of “Hold” and an average price target of $40.07.

Comcast Company 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.