Forza Wealth Management LLC Acquires 1,600 Shares of Comcast Corporation $CMCSA

Forza Wealth Management LLC increased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 9.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,179 shares of the cable giant’s stock after acquiring an additional 1,600 shares during the quarter. Forza Wealth Management LLC’s holdings in Comcast were worth $684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Foster Group Inc. increased its stake in Comcast by 4.0% in the 2nd quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock worth $265,000 after buying an additional 282 shares during the period. Toth Financial Advisory Corp increased its stake in Comcast by 9.0% in the 1st quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant’s stock worth $134,000 after buying an additional 300 shares during the period. Clearstead Trust LLC grew its holdings in Comcast by 5.2% during the 1st quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock worth $227,000 after acquiring an additional 305 shares in the last quarter. Webster Bank N. A. grew its holdings in Comcast by 2.9% during the 2nd quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock worth $386,000 after acquiring an additional 305 shares in the last quarter. Finally, United Asset Strategies Inc. grew its holdings in Comcast by 2.2% during the 1st quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock worth $519,000 after acquiring an additional 308 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CMCSA. Royal Bank Of Canada began coverage on shares of Comcast in a report on Monday, September 8th. They set a “sector perform” rating and a $38.00 target price on the stock. Arete Research upgraded shares of Comcast to a “hold” rating in a report on Tuesday, July 8th. Barclays dropped their target price on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Loop Capital dropped their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, September 22nd. Finally, Scotiabank increased their target price on shares of Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $40.11.

Comcast Stock Down 0.2%

NASDAQ:CMCSA opened at $31.42 on Wednesday. Comcast Corporation has a fifty-two week low of $31.03 and a fifty-two week high of $45.31. The stock has a market capitalization of $116.01 billion, a P/E ratio of 5.19, a P/E/G ratio of 1.89 and a beta of 0.93. 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 company’s 50-day simple moving average is $32.98 and its 200-day simple moving average is $34.26.

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, beating analysts’ consensus estimates of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business had revenue of $30.31 billion for the quarter, compared to analysts’ expectations of $29.81 billion. During the same period last year, the business earned $1.21 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business 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. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is presently 21.82%.

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.