HighMark Wealth Management LLC Has $62,000 Holdings in Comcast Corporation $CMCSA

HighMark Wealth Management LLC grew its position in Comcast Corporation (NASDAQ:CMCSA) by 79.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,732 shares of the cable giant’s stock after purchasing an additional 769 shares during the period. HighMark Wealth Management LLC’s holdings in Comcast were worth $62,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CMCSA. Nuveen LLC acquired a new position in Comcast in the 1st quarter worth about $940,015,000. Dodge & Cox increased its position in Comcast by 19.1% in the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after purchasing an additional 15,115,074 shares during the last quarter. Pacer Advisors Inc. increased its position in Comcast by 1,959.3% in the 1st quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock worth $488,140,000 after purchasing an additional 12,586,329 shares during the last quarter. KBC Group NV increased its position in Comcast by 724.7% in the 1st quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock worth $374,927,000 after purchasing an additional 8,928,641 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in Comcast by 119.1% in the 1st quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock worth $280,238,000 after purchasing an additional 4,128,434 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

CMCSA opened at $30.40 on Friday. The firm has a market capitalization of $112.24 billion, a P/E ratio of 5.02, a price-to-earnings-growth ratio of 1.81 and a beta of 0.94. The stock’s 50 day moving average price is $32.79 and its two-hundred day moving average price is $34.20. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a 12-month low of $30.38 and a 12-month high of $45.31.

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

Comcast Announces Dividend

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

Analyst Ratings Changes

Several research analysts have weighed in on the company. Bank of America dropped their target price on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday. Sanford C. Bernstein lowered their price objective on Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a report on Wednesday, September 10th. Royal Bank Of Canada initiated coverage on Comcast in a report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price objective on the stock. Citigroup reissued a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Finally, Rosenblatt Securities increased their price objective on Comcast from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.