Comcast Corporation $CMCSA Shares Acquired by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC boosted its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 50.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,263 shares of the cable giant's stock after purchasing an additional 19,755 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Comcast were worth $2,115,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. Nuveen LLC acquired a new stake in shares of Comcast in the 1st quarter valued at approximately $940,015,000. Dodge & Cox lifted its holdings in Comcast by 19.1% in the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant's stock valued at $3,476,635,000 after acquiring an additional 15,115,074 shares during the period. Pacer Advisors Inc. boosted its position in shares of Comcast by 1,959.3% during the 1st quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant's stock worth $488,140,000 after purchasing an additional 12,586,329 shares in the last quarter. KBC Group NV grew its stake in shares of Comcast by 724.7% during the 1st quarter. KBC Group NV now owns 10,160,649 shares of the cable giant's stock worth $374,927,000 after purchasing an additional 8,928,641 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in shares of Comcast by 119.1% in the 1st quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant's stock valued at $280,238,000 after purchasing an additional 4,128,434 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Performance

NASDAQ:CMCSA opened at $31.62 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $116.75 billion, a PE ratio of 5.23, a P/E/G ratio of 1.89 and a beta of 0.93. The firm has a 50 day simple moving average of $33.31 and a 200-day simple moving average of $34.39. Comcast Corporation has a 1-year low of $31.03 and a 1-year high of $45.31.

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

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors 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 4.2%. Comcast's dividend payout ratio is 21.82%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. UBS Group decreased their price objective on shares of Comcast from $40.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, August 1st. Royal Bank Of Canada began coverage on Comcast in a research note on Monday, September 8th. They set a "sector perform" rating and a $38.00 price target on the stock. Scotiabank raised their price objective on Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a research note on Friday, July 11th. Sanford C. Bernstein decreased their target price on Comcast from $37.00 to $36.00 and set a "market perform" rating on the stock in a research report on Wednesday, September 10th. Finally, Moffett Nathanson upped their target price on Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $40.22.

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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