Allen Mooney & Barnes Investment Advisors LLC Has $306,000 Holdings in Comcast Corporation $CMCSA

Allen Mooney & Barnes Investment Advisors LLC cut its holdings in Comcast Corporation (NASDAQ:CMCSA) by 13.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,571 shares of the cable giant’s stock after selling 1,306 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Comcast were worth $306,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Inlight Wealth Management LLC bought a new position in Comcast in the first quarter valued at about $26,000. Abound Financial LLC bought a new position in Comcast in the first quarter valued at about $29,000. Ransom Advisory Ltd bought a new position in Comcast in the first quarter valued at 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 valued at $30,000 after purchasing an additional 448 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in Comcast in the fourth quarter valued at about $33,000. 84.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CMCSA shares. Royal Bank Of Canada started coverage on Comcast in a research report on Monday, September 8th. They issued a “sector perform” rating and a $38.00 target price for the company. Sanford C. Bernstein cut their price objective 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. Benchmark reaffirmed a “buy” rating on shares of Comcast in a research note on Friday, July 18th. Scotiabank lifted their price objective on Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a research note on Friday, July 11th. Finally, Barclays cut their price objective on Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $40.56.

Comcast Trading Down 1.0%

Shares of Comcast stock opened at $33.06 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. Comcast Corporation has a 52 week low of $31.03 and a 52 week high of $45.31. The stock has a 50 day moving average price of $33.79 and a two-hundred day moving average price of $34.59. The stock has a market capitalization of $122.06 billion, a PE ratio of 5.46, a price-to-earnings-growth ratio of 1.98 and a beta of 0.93.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The firm had revenue of $30.31 billion during the quarter, compared to analysts’ expectations of $29.81 billion. During the same quarter last year, the firm posted $1.21 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.0%. Comcast’s payout ratio is presently 21.82%.

Comcast 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.