Broadway Wealth Solutions Inc. Has $233,000 Position in Comcast Corporation $CMCSA

Broadway Wealth Solutions Inc. lowered its holdings in Comcast Corporation (NASDAQ:CMCSA) by 48.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,542 shares of the cable giant’s stock after selling 6,074 shares during the quarter. Broadway Wealth Solutions Inc.’s holdings in Comcast were worth $233,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Inlight Wealth Management LLC acquired a new stake in Comcast in the 1st quarter valued at $26,000. Global Trust Asset Management LLC grew its position in Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 671 shares during the period. Cranbrook Wealth Management LLC grew its position in Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 350 shares during the period. Ransom Advisory Ltd bought a new stake in shares of Comcast in the 1st quarter worth $29,000. Finally, Abound Financial LLC bought a new stake in shares of Comcast in the 1st quarter worth $29,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CMCSA shares. 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. Citigroup reiterated a “buy” rating on shares of Comcast in a research note on Tuesday, August 26th. Scotiabank upped their target price on shares of Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a research note on Friday, July 11th. Rosenblatt Securities increased their price target on shares of Comcast from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. Finally, Moffett Nathanson increased their price target 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Comcast has a consensus rating of “Hold” and an average price target of $40.11.

Comcast Price Performance

CMCSA opened at $31.42 on Wednesday. The company has a market capitalization of $116.01 billion, a price-to-earnings ratio of 5.19, a PEG ratio of 1.89 and a beta of 0.93. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $32.98 and a 200-day moving average price of $34.26. Comcast Corporation has a twelve month low of $31.03 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. The firm had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company earned $1.21 earnings per share. Equities analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. Comcast’s dividend payout ratio (DPR) is presently 21.82%.

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.