Waterfront Wealth Inc. Sells 782 Shares of Comcast Corporation $CMCSA

Waterfront Wealth Inc. decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 12.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,662 shares of the cable giant’s stock after selling 782 shares during the quarter. Waterfront Wealth Inc.’s holdings in Comcast were worth $202,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CMCSA. Brighton Jones LLC raised its holdings in Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after purchasing an additional 99,986 shares in the last quarter. Clear Creek Financial Management LLC raised its holdings in Comcast by 55.7% in the first quarter. Clear Creek Financial Management LLC now owns 20,449 shares of the cable giant’s stock worth $755,000 after purchasing an additional 7,318 shares in the last quarter. Rossby Financial LCC bought a new position in Comcast in the first quarter worth $223,000. Arbor Trust Wealth Advisors LLC raised its holdings in Comcast by 7.4% in the first quarter. Arbor Trust Wealth Advisors LLC now owns 25,128 shares of the cable giant’s stock worth $927,000 after purchasing an additional 1,725 shares in the last quarter. Finally, FSM Wealth Advisors LLC raised its holdings in Comcast by 16.2% in the first quarter. FSM Wealth Advisors LLC now owns 10,755 shares of the cable giant’s stock worth $397,000 after purchasing an additional 1,501 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 2.6%

Comcast stock opened at $28.53 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. Comcast Corporation has a one year low of $28.46 and a one year high of $45.31. The stock has a market capitalization of $105.34 billion, a PE ratio of 4.72, a price-to-earnings-growth ratio of 1.73 and a beta of 0.94. The business’s fifty day moving average is $31.65 and its 200 day moving average is $33.41.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company had revenue of $30.34 billion for the quarter. On average, sell-side analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CMCSA shares. Citigroup reiterated a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Royal Bank Of Canada assumed coverage on Comcast in a research note on Monday, September 8th. They issued a “sector perform” rating and a $38.00 target price on the stock. Sanford C. Bernstein cut their target price on Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 10th. Arete cut their target price on Comcast from $39.00 to $33.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, The Goldman Sachs Group cut their target price on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and a consensus target price of $39.52.

About Comcast

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.