Wealth Advisors of Tampa Bay LLC Sells 115,054 Shares of Comcast Corporation $CMCSA

Wealth Advisors of Tampa Bay LLC trimmed its position in Comcast Corporation (NASDAQ:CMCSA) by 74.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 40,459 shares of the cable giant’s stock after selling 115,054 shares during the period. Wealth Advisors of Tampa Bay LLC’s holdings in Comcast were worth $1,209,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Comcast by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after acquiring an additional 2,160,829 shares during the last quarter. State Street Corp lifted its stake in shares of Comcast by 4.6% in the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock valued at $5,677,190,000 after acquiring an additional 7,917,335 shares during the last quarter. Dodge & Cox lifted its stake in shares of Comcast by 1.2% in the 3rd quarter. Dodge & Cox now owns 112,567,918 shares of the cable giant’s stock valued at $3,536,884,000 after acquiring an additional 1,295,598 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in shares of Comcast by 0.7% in the 4th quarter. First Eagle Investment Management LLC now owns 36,171,945 shares of the cable giant’s stock valued at $1,081,179,000 after acquiring an additional 245,271 shares during the last quarter. Finally, Capital Research Global Investors lifted its stake in shares of Comcast by 46.1% in the 3rd quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock valued at $1,059,053,000 after acquiring an additional 10,633,206 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

Shares of Comcast stock opened at $25.15 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The business has a 50-day moving average price of $27.53 and a two-hundred day moving average price of $28.60. Comcast Corporation has a 1-year low of $24.53 and a 1-year high of $36.66. The company has a market cap of $89.84 billion, a P/E ratio of 4.95, a PEG ratio of 2.03 and a beta of 0.71.

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

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is presently 25.98%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CMCSA. Royal Bank Of Canada increased their price target on Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Rosenblatt Securities restated a “neutral” rating and issued a $30.00 price objective on shares of Comcast in a report on Friday, January 30th. Pivotal Research downgraded Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Finally, Morgan Stanley increased their price objective on Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $34.79.

Comcast Company 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.