Moran Wealth Management LLC Acquires 29,745 Shares of Comcast Corporation $CMCSA

Moran Wealth Management LLC increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 17.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 198,340 shares of the cable giant’s stock after acquiring an additional 29,745 shares during the period. Moran Wealth Management LLC’s holdings in Comcast were worth $5,694,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Imprint Wealth LLC purchased a new position in shares of Comcast during the third quarter valued at $26,000. United Financial Planning Group LLC purchased a new stake in Comcast in the third quarter worth about $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Comcast in the fourth quarter worth about $27,000. Olistico Wealth LLC bought a new position in Comcast during the 4th quarter worth about $29,000. Finally, Richardson Financial Services Inc. increased its position in Comcast by 212.6% during the 4th 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 period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ CMCSA opened at $23.79 on Friday. The company has a fifty day simple moving average of $24.75 and a two-hundred day simple moving average of $27.92. The stock has a market cap of $84.98 billion, a P/E ratio of 4.68, a P/E/G ratio of 1.95 and a beta of 0.67. Comcast Corporation has a 12-month low of $22.13 and a 12-month high of $36.40. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.06. The business had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 EPS. On average, analysts forecast that Comcast Corporation will post 3.5 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be given a $0.33 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.5%. Comcast’s dividend payout ratio is 25.98%.

Analyst Ratings Changes

A number of brokerages recently commented on CMCSA. Citigroup reduced their price objective on shares of Comcast from $35.50 to $32.00 and set a “buy” rating for the company in a research note on Monday, June 29th. KeyCorp reaffirmed a “sector weight” rating on shares of Comcast in a research report on Thursday, April 23rd. UBS Group reiterated a “neutral” rating on shares of Comcast in a report on Tuesday, June 23rd. Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Evercore upped their price objective on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $34.40.

Key Comcast News

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Some analysts and market commentators argue Comcast’s planned split could unlock value by separating its media assets from its core cable and broadband businesses, potentially making each company easier to value and more attractive to buyers or partners. Comcast is planning to split. How to play CMCSA stock here.
• Positive Sentiment: Coverage also notes Comcast has a history of beating earnings expectations, and some investors are still looking for another quarterly beat that could support the stock if upcoming results are solid. Will Comcast (CMCSA) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Wall Street and media commentary suggest NBCUniversal, Peacock, and Sky could become more flexible as standalone assets after the separation, including possibly using intellectual property in new businesses such as gaming. NBCUniversal may use its IP for video games after the split from Comcast
• Neutral Sentiment: Recent articles also highlight Comcast’s strategic separation plan and the role of dealmaker Roger Altman in shaping the next phase, but these pieces are more about the long-term corporate story than immediate fundamental improvement. Wall Street dealmaker Roger Altman delivers candid Comcast verdict
• Negative Sentiment: Wells Fargo downgraded Comcast to Sell, and Goldman Sachs cut its price target to $26 from $29 while keeping a neutral stance, reinforcing concerns that near-term upside may be limited. Comcast (CMCSA) Gets a Sell from Wells Fargo
• Negative Sentiment: Other coverage says the spin-off may not solve Comcast’s core problems, pointing to broadband competition, margin pressure, and limited growth catalysts as reasons investors remain cautious. Why the Comcast Spin-Off Won’t Fix What’s Actually Broken

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.