23,693 Shares in Comcast Corporation $CMCSA Acquired by Arista Wealth Management LLC

Key Points

• Arista Wealth Management LLC acquired 23,693 shares of Comcast Corporation for approximately $846,000 in the 2nd quarter, highlighting institutional interest in the stock.
• Comcast recently announced a quarterly dividend of $0.33, representing a 4.5% yield, and has a dividend payout ratio of 21.82%.
• Analysts hold a mixed outlook on Comcast with an average rating of "Hold," and a consensus target price of $39.94, while several firms have set varied price targets from $34 to $38.

Arista Wealth Management LLC bought a new position in Comcast Corporation (NASDAQ:CMCSA - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 23,693 shares of the cable giant's stock, valued at approximately $846,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Brighton Jones LLC lifted its holdings in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock worth $6,240,000 after purchasing an additional 99,986 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Comcast by 19.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 883,677 shares of the cable giant's stock worth $32,608,000 after buying an additional 143,593 shares during the last quarter. Sowell Financial Services LLC lifted its holdings in shares of Comcast by 75.0% during the first quarter. Sowell Financial Services LLC now owns 30,928 shares of the cable giant's stock worth $1,141,000 after buying an additional 13,254 shares during the last quarter. Cornerstone Wealth Management LLC lifted its holdings in shares of Comcast by 4.0% during the first quarter. Cornerstone Wealth Management LLC now owns 8,440 shares of the cable giant's stock worth $311,000 after buying an additional 323 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its holdings in shares of Comcast by 26.7% during the first quarter. Kingswood Wealth Advisors LLC now owns 17,046 shares of the cable giant's stock worth $628,000 after buying an additional 3,588 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of CMCSA stock opened at $29.26 on Friday. The stock's fifty day moving average is $32.27 and its 200-day moving average is $33.74. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $108.03 billion, a PE ratio of 4.84, a PEG ratio of 1.76 and a beta of 0.94. Comcast Corporation has a 52 week low of $29.15 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The company had revenue of $30.34 billion for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%. Equities research analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently declared 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. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.5%. Comcast's dividend payout ratio (DPR) is currently 21.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CMCSA. Morgan Stanley set a $35.00 price target on Comcast and gave the stock an "equal weight" rating in a report on Tuesday, October 7th. Citigroup reiterated a "buy" rating on shares of Comcast in a report on Tuesday, August 26th. Royal Bank Of Canada assumed coverage on Comcast in a research report on Monday, September 8th. They set a "sector perform" rating and a $38.00 price objective on the stock. Weiss Ratings restated a "hold (c-)" rating on shares of Comcast in a research report on Tuesday. Finally, Barclays lowered their price objective on Comcast from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Comcast presently has an average rating of "Hold" and a consensus target price of $39.94.

About Comcast

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.

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