Hantz Financial Services Inc. Lowers Holdings in Comcast Corporation $CMCSA

Hantz Financial Services Inc. trimmed its position in Comcast Corporation (NASDAQ:CMCSA) by 8.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 287,293 shares of the cable giant’s stock after selling 28,234 shares during the quarter. Hantz Financial Services Inc.’s holdings in Comcast were worth $8,587,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Wealthquest Corp purchased a new stake in shares of Comcast in the 4th quarter worth $225,000. Swedbank AB lifted its holdings in shares of Comcast by 5.8% in the 4th quarter. Swedbank AB now owns 2,490,605 shares of the cable giant’s stock worth $74,444,000 after buying an additional 136,033 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Comcast in the 4th quarter worth $27,000. Pathfinder Wealth Consulting Inc. purchased a new stake in shares of Comcast in the 4th quarter worth $257,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Comcast by 7.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 17,157 shares of the cable giant’s stock worth $513,000 after purchasing an additional 1,177 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wall Street Zen upgraded Comcast to a “hold” rating in a research note on Saturday, March 14th. Deutsche Bank Aktiengesellschaft cut Comcast from a “buy” rating to a “hold” rating and set a $34.00 price objective for the company. in a research note on Friday, April 24th. Morgan Stanley upped their price objective on Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research note on Wednesday, April 8th. Finally, TD Cowen decreased their price objective on Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $34.79.

Comcast Trading Down 0.0%

Comcast stock opened at $25.20 on Monday. The stock has a 50-day moving average of $27.73 and a two-hundred day moving average of $28.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. Comcast Corporation has a one year low of $24.53 and a one year high of $36.66. The stock has a market cap of $90.02 billion, a PE ratio of 4.96, a price-to-earnings-growth ratio of 2.03 and a beta of 0.71.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. The company had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the business posted $1.09 earnings per share. On average, research analysts anticipate that Comcast Corporation will post 3.58 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is presently 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.