Level Four Advisory Services LLC Boosts Stake in Comcast Corporation $CMCSA

Level Four Advisory Services LLC increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 187,318 shares of the cable giant’s stock after acquiring an additional 7,730 shares during the period. Level Four Advisory Services LLC’s holdings in Comcast were worth $6,685,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Cranbrook Wealth Management LLC boosted its position in shares of 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 in the last quarter. Global Trust Asset Management LLC lifted its stake in shares of Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 671 shares during the period. Avalon Trust Co boosted its holdings in Comcast by 433.3% during the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after buying an additional 624 shares in the last quarter. Ransom Advisory Ltd acquired a new position in Comcast during the first quarter worth about $29,000. Finally, Princeton Global Asset Management LLC increased its holdings in Comcast by 403.5% in the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after buying an additional 686 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CMCSA. BNP Paribas Exane raised Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a research note on Tuesday, November 4th. Rosenblatt Securities decreased their target price on Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, October 17th. JPMorgan Chase & Co. lowered their target price on Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Bank of America cut their price target on Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. Eleven analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Comcast has a consensus rating of “Hold” and a consensus price target of $35.92.

Comcast Trading Down 0.4%

Comcast stock opened at $26.57 on Friday. The stock has a 50-day moving average price of $29.03 and a 200 day moving average price of $32.42. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $43.45. The stock has a market cap of $96.82 billion, a PE ratio of 4.42, a P/E/G ratio of 1.82 and a beta of 0.92. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last released its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The company had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. Equities research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a yield of 5.0%. Comcast’s dividend payout ratio (DPR) is 21.96%.

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.