Prospera Financial Services Inc Trims Stock Holdings in Comcast Corporation $CMCSA

Prospera Financial Services Inc lowered its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 329,645 shares of the cable giant’s stock after selling 19,531 shares during the quarter. Prospera Financial Services Inc’s holdings in Comcast were worth $11,765,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cranbrook Wealth Management LLC lifted 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 valued at $27,000 after buying an additional 350 shares in the last quarter. Global Trust Asset Management LLC increased its position in shares of Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after acquiring an additional 671 shares during the period. Ransom Advisory Ltd bought a new stake in shares of Comcast during the first quarter valued at approximately $29,000. Princeton Global Asset Management LLC boosted its holdings in shares of 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 purchasing an additional 686 shares during the period. Finally, Legend Financial Advisors Inc. bought a new position in Comcast in the second quarter worth approximately $33,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA opened at $27.35 on Friday. The firm’s 50-day moving average price is $30.76 and its 200-day moving average price is $33.10. The company has a market cap of $100.98 billion, a P/E ratio of 4.55, a price-to-earnings-growth ratio of 1.77 and a beta of 0.92. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $44.63.

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

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.8%. The ex-dividend date is Wednesday, January 14th. Comcast’s payout ratio is presently 21.96%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several research reports. Loop Capital lowered their target price on Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 31st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $30.00 price objective (down from $39.00) on shares of Comcast in a research note on Friday, October 31st. Moffett Nathanson raised their target price on shares of Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Morgan Stanley lowered their price target on shares of Comcast from $35.00 to $32.00 and set an “equal weight” rating for the company in a research report on Friday, October 31st. Finally, Cowen reissued a “buy” rating on shares of Comcast in a report on Friday, October 31st. Ten investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $36.29.

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.