Angeles Wealth Management LLC Acquires 714 Shares of Comcast Corporation $CMCSA

Angeles Wealth Management LLC increased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 8.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,723 shares of the cable giant’s stock after purchasing an additional 714 shares during the period. Angeles Wealth Management LLC’s holdings in Comcast were worth $311,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CMCSA. Inlight Wealth Management LLC bought a new stake in shares of Comcast in the first quarter worth $26,000. Cranbrook Wealth Management LLC lifted its holdings in Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after buying an additional 350 shares during the period. Global Trust Asset Management LLC lifted its holdings in Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after buying an additional 671 shares during the period. Abound Financial LLC acquired a new position in Comcast in the first quarter valued at $29,000. Finally, Ransom Advisory Ltd acquired a new position in Comcast in the first quarter valued at $29,000. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $29.54 on Friday. The firm’s 50-day moving average price is $32.23 and its 200-day moving average price is $33.70. Comcast Corporation has a 1-year low of $29.15 and a 1-year high of $45.31. The firm has a market capitalization of $109.07 billion, a P/E ratio of 4.88, a P/E/G ratio of 1.73 and a beta of 0.94. 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 quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The firm had revenue of $30.34 billion for the quarter. Equities research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio is currently 21.82%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CMCSA shares. Scotiabank restated a “sector perform” rating and issued a $45.50 target price (up previously from $45.00) on shares of Comcast in a report on Monday, October 6th. KeyCorp dropped their target price on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd. Barclays dropped their target price on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Citigroup restated a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Finally, Royal Bank Of Canada started coverage on shares of Comcast in a report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and an average price target of $39.76.

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.