Arkadios Wealth Advisors Purchases 10,864 Shares of Comcast Corporation (NASDAQ:CMCSA)

Key Points

• Arkadios Wealth Advisors increased its stake in Comcast by 67.9%, acquiring an additional 10,864 shares and bringing its total holdings to 26,871 shares worth approximately $992,000.
• Comcast recently announced a quarterly dividend of $0.33 per share to be paid on October 22nd, representing an annualized dividend of $1.32 and a yield of 4.1%.
• Analysts have given Comcast an average rating of "Hold", with varying target prices, including downgrades from firms like Wells Fargo and BNP Paribas.

Arkadios Wealth Advisors boosted its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 67.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,871 shares of the cable giant's stock after acquiring an additional 10,864 shares during the period. Arkadios Wealth Advisors' holdings in Comcast were worth $992,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC acquired a new stake in shares of Comcast in the 1st quarter valued at approximately $26,000. Abound Financial LLC bought a new position in shares of Comcast during the first quarter worth $29,000. Retirement Wealth Solutions LLC grew its holdings in shares of Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after buying an additional 448 shares during the period. Mpwm Advisory Solutions LLC bought a new stake in shares of Comcast in the 4th quarter valued at $33,000. Finally, Global Wealth Strategies & Associates raised its stake in Comcast by 203.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after buying an additional 600 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $32.52 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The business's 50 day moving average price is $34.79 and its two-hundred day moving average price is $35.10. The company has a market cap of $121.42 billion, a PE ratio of 5.38, a price-to-earnings-growth ratio of 1.58 and a beta of 0.92. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%. The business had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. During the same quarter last year, the firm posted $1.21 EPS. The company's quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.1%. Comcast's dividend payout ratio (DPR) is presently 32.43%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of research analyst reports. Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $37.00 to $31.00 in a research note on Monday, April 14th. BNP Paribas cut Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective on the stock. in a report on Thursday, April 10th. Bernstein Bank lowered their target price on Comcast from $38.00 to $37.00 and set a "market perform" rating for the company in a research note on Friday, April 25th. Evercore ISI cut their price target on shares of Comcast from $44.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, Morgan Stanley increased their price objective on shares of Comcast from $37.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Comcast has an average rating of "Hold" and an average target price of $40.77.

Comcast Company Profile

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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