Invera Wealth Advisors LLC Has $846,000 Holdings in Comcast Corporation (NASDAQ:CMCSA)

Invera Wealth Advisors LLC trimmed its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 5.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 22,951 shares of the cable giant’s stock after selling 1,330 shares during the quarter. Comcast accounts for approximately 1.0% of Invera Wealth Advisors LLC’s investment portfolio, making the stock its 29th biggest holding. Invera Wealth Advisors LLC’s holdings in Comcast were worth $846,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Graybill Wealth Management LTD. bought a new stake in shares of Comcast in the first quarter valued at $2,555,000. Asahi Life Asset Management CO. LTD. increased its position in shares of Comcast by 6.7% during the 1st quarter. Asahi Life Asset Management CO. LTD. now owns 15,990 shares of the cable giant’s stock valued at $590,000 after purchasing an additional 1,010 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Comcast by 93.1% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 34,901 shares of the cable giant’s stock valued at $1,288,000 after purchasing an additional 16,825 shares during the last quarter. Pioneer Trust Bank N A OR grew its position in Comcast by 2.3% during the 1st quarter. Pioneer Trust Bank N A OR now owns 124,045 shares of the cable giant’s stock worth $4,577,000 after acquiring an additional 2,830 shares during the last quarter. Finally, Prepared Retirement Institute LLC bought a new position in shares of Comcast in the first quarter worth approximately $248,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 1.9%

CMCSA stock opened at $35.64 on Tuesday. The firm has a market capitalization of $133.07 billion, a P/E ratio of 8.76, a P/E/G ratio of 1.69 and a beta of 0.95. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. The company’s 50 day simple moving average is $34.98 and its 200-day simple moving average is $35.38.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The business’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.04 earnings per share. As a group, equities research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast’s dividend payout ratio is currently 32.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Rosenblatt Securities restated a “neutral” rating and set a $36.00 price target on shares of Comcast in a research report on Monday, April 28th. UBS Group set a $44.50 target price on shares of Comcast in a report on Friday, April 25th. Arete Research upgraded shares of Comcast to a “hold” rating in a research note on Tuesday, July 8th. Morgan Stanley set a $37.00 price target on Comcast in a report on Friday, April 25th. Finally, Oppenheimer reduced their target price on Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $40.98.

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.