Assetmark Inc. Has $100.61 Million Holdings in Comcast Corporation (NASDAQ:CMCSA)

Key Points

• Assetmark Inc. has increased its position in Comcast Corporation by 0.5%, now owning over 2.7 million shares valued at approximately $100.6 million.
• Comcast stock traded down 4.8% to $33.68, with a market capitalization of $125.75 billion and a PE ratio of 8.28.
• In its latest earnings report, Comcast posted $1.09 per share, surpassing analyst expectations, although revenue declined 0.6% year-over-year.

Assetmark Inc. lifted its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 0.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,726,419 shares of the cable giant's stock after purchasing an additional 14,667 shares during the period. Assetmark Inc. owned approximately 0.07% of Comcast worth $100,605,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brighton Jones LLC grew its holdings in shares of Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after buying an additional 99,986 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of Comcast during the fourth quarter valued at $6,746,000. Modern Wealth Management LLC grew its holdings in shares of Comcast by 14.1% during the fourth quarter. Modern Wealth Management LLC now owns 10,053 shares of the cable giant's stock valued at $347,000 after buying an additional 1,241 shares in the last quarter. Financial Engines Advisors L.L.C. grew its holdings in shares of Comcast by 271.7% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 36,807 shares of the cable giant's stock valued at $1,381,000 after buying an additional 26,904 shares in the last quarter. Finally, Ausdal Financial Partners Inc. grew its holdings in shares of Comcast by 64.2% during the fourth quarter. Ausdal Financial Partners Inc. now owns 17,673 shares of the cable giant's stock valued at $663,000 after buying an additional 6,911 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Up 0.0%

Shares of CMCSA stock traded up $0.01 during trading hours on Monday, reaching $33.69. The company had a trading volume of 6,804,526 shares, compared to its average volume of 24,199,104. The company has a 50 day moving average of $35.01 and a 200 day moving average of $35.22. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $125.80 billion, a price-to-earnings ratio of 8.27, a P/E/G ratio of 1.63 and a beta of 0.95. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The business had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The firm's revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 EPS. On average, equities research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date was Wednesday, July 2nd. Comcast's payout ratio is currently 32.43%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of analyst reports. Citigroup reduced their price target on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Barclays reduced their price target on Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. UBS Group set a $44.50 price target on Comcast in a research report on Friday, April 25th. BNP Paribas Exane reduced their price target on Comcast from $31.00 to $30.00 and set an "underperform" rating for the company in a research report on Friday, April 25th. Finally, Argus cut Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $41.13.

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.