J.W. Cole Advisors Inc. Decreases Position in Comcast Corporation $CMCSA

J.W. Cole Advisors Inc. decreased its stake in Comcast Corporation (NASDAQ:CMCSA) by 25.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,787 shares of the cable giant’s stock after selling 33,587 shares during the period. J.W. Cole Advisors Inc.’s holdings in Comcast were worth $2,719,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Imprint Wealth LLC purchased a new position in Comcast in the third quarter valued at about $26,000. United Financial Planning Group LLC purchased a new position in Comcast in the third quarter valued at about $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Comcast in the fourth quarter valued at about $27,000. Olistico Wealth LLC purchased a new position in Comcast in the fourth quarter valued at about $29,000. Finally, Richardson Financial Services Inc. boosted its holdings in Comcast by 212.6% in the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 691 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CMCSA. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a report on Wednesday, April 8th. Citigroup increased their price target on Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a research report on Friday, April 24th. KeyCorp reiterated a “sector weight” rating on shares of Comcast in a research report on Thursday, April 23rd. BNP Paribas Exane lowered their target price on Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 8th. Finally, Scotiabank raised their target price on Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $34.56.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $23.82 on Monday. The firm has a market cap of $85.09 billion, a P/E ratio of 4.69, a PEG ratio of 1.94 and a beta of 0.68. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a fifty day moving average price of $26.77 and a two-hundred day moving average price of $28.43. Comcast Corporation has a 1 year low of $23.13 and a 1 year high of $36.66.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.06. The business had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company posted $1.09 EPS. Research analysts forecast that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is 25.98%.

Comcast Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.