Guggenheim Capital LLC Sells 166,670 Shares of Comcast Corporation $CMCSA

Guggenheim Capital LLC reduced its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 9.4% during the first quarter, Holdings Channel reports. The firm owned 1,608,536 shares of the cable giant’s stock after selling 166,670 shares during the period. Comcast makes up 0.5% of Guggenheim Capital LLC’s holdings, making the stock its 29th largest holding. Guggenheim Capital LLC’s holdings in Comcast were worth $59,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in the company. Inlight Wealth Management LLC bought a new stake in Comcast in the first quarter worth about $26,000. Abound Financial LLC bought a new stake in Comcast in the first quarter worth about $29,000. Retirement Wealth Solutions LLC raised its position in Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock worth $30,000 after acquiring an additional 448 shares during the period. Mpwm Advisory Solutions LLC bought a new stake in Comcast in the fourth quarter worth about $33,000. Finally, Global Wealth Strategies & Associates increased its stake in shares of Comcast by 203.4% in the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant’s stock worth $33,000 after purchasing an additional 600 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $33.68 on Wednesday. The company has a 50 day moving average of $34.17 and a 200 day moving average of $34.76. The stock has a market cap of $124.35 billion, a P/E ratio of 5.57, a P/E/G ratio of 2.04 and a beta of 0.92. Comcast Corporation has a 12 month low of $31.03 and a 12 month high of $45.31. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. During the same period in the previous year, the business posted $1.21 earnings per share. Comcast’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, sell-side analysts forecast 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, October 22nd. Investors of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio is currently 21.82%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CMCSA shares. Barclays reduced their target price on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Morgan Stanley reduced their target price on shares of Comcast from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, August 4th. Arete Research upgraded shares of Comcast to a “hold” rating in a research note on Tuesday, July 8th. Rosenblatt Securities boosted their price objective on shares of Comcast from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. Finally, Argus cut shares of Comcast from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $40.73.

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.