Ashton Thomas Private Wealth LLC Grows Holdings in Comcast Corporation $CMCSA

Key Points

• Ashton Thomas Private Wealth LLC has increased its stake in Comcast Corporation by 15.0%, owning 174,899 shares valued at $6,454,000 as of the most recent quarter.
• Comcast's recent stock performance shows it has a market capitalization of $125.20 billion with shares trading at $33.91, after reporting strong quarterly earnings of $1.25 EPS, exceeding expectations.
• The company has announced a quarterly dividend of $0.33 per share, which will be paid on October 22nd, yielding 3.9% annually.

Ashton Thomas Private Wealth LLC lifted its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 15.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 174,899 shares of the cable giant's stock after acquiring an additional 22,873 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Comcast were worth $6,454,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after purchasing an additional 99,986 shares during the period. CoreCap Advisors LLC raised its position in Comcast by 18.6% in the fourth quarter. CoreCap Advisors LLC now owns 13,112 shares of the cable giant's stock valued at $492,000 after purchasing an additional 2,059 shares during the period. Focus Partners Wealth raised its position in Comcast by 65.5% in the fourth quarter. Focus Partners Wealth now owns 835,820 shares of the cable giant's stock valued at $31,558,000 after purchasing an additional 330,712 shares during the period. Guardian Wealth Advisors LLC NC raised its position in Comcast by 36.8% in the fourth quarter. Guardian Wealth Advisors LLC NC now owns 9,002 shares of the cable giant's stock valued at $338,000 after purchasing an additional 2,421 shares during the period. Finally, Hudson Bay Capital Management LP raised its position in Comcast by 902.2% in the fourth quarter. Hudson Bay Capital Management LP now owns 65,780 shares of the cable giant's stock valued at $2,469,000 after purchasing an additional 73,980 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CMCSA shares. Scotiabank upped their target price on shares of Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a research note on Friday, July 11th. Rothschild & Co Redburn cut their target price on shares of Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Rosenblatt Securities upped their target price on shares of Comcast from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Arete Research raised shares of Comcast to a "hold" rating in a research note on Tuesday, July 8th. Finally, Moffett Nathanson upped their target price on shares of Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $40.73.

Comcast Stock Down 0.1%

Shares of NASDAQ:CMCSA opened at $33.91 on Monday. The company has a market capitalization of $125.20 billion, a PE ratio of 5.60, a P/E/G ratio of 2.03 and a beta of 0.93. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a twelve month low of $31.03 and a twelve month high of $45.31. The firm has a 50 day simple moving average of $34.03 and a 200-day simple moving average of $34.67.

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

Comcast Announces Dividend

The business 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. This represents a $1.32 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's dividend payout ratio (DPR) is presently 21.82%.

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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