Comcast Corporation $CMCSA Shares Bought by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Comcast Corporation by 4.9% during Q2, now holding 927,008 shares valued at approximately $33.36 million.
• Comcast recently announced a quarterly dividend of $0.33 per share, translating to an annualized dividend of $1.32 and a yield of 4.2%.
• The company reported Q2 earnings of $1.25 per share, exceeding estimates of $1.18, with revenue increasing by 2.1% year-over-year to $30.31 billion.

Wealth Enhancement Advisory Services LLC increased its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 4.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 927,008 shares of the cable giant's stock after acquiring an additional 43,331 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Comcast were worth $33,363,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its holdings 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 buying an additional 99,986 shares during the last quarter. Connecticut Wealth Management LLC grew its holdings in Comcast by 6.7% in the 4th quarter. Connecticut Wealth Management LLC now owns 5,720 shares of the cable giant's stock worth $215,000 after buying an additional 359 shares in the last quarter. Vise Technologies Inc. boosted its stake in Comcast by 22.0% during the 4th quarter. Vise Technologies Inc. now owns 57,388 shares of the cable giant's stock valued at $2,154,000 after purchasing an additional 10,367 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Comcast during the 4th quarter valued at about $8,219,000. Finally, WCG Wealth Advisors LLC raised its holdings in Comcast by 1.8% during the 4th quarter. WCG Wealth Advisors LLC now owns 78,584 shares of the cable giant's stock worth $2,949,000 after buying an additional 1,388 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Trading Down 0.2%

Comcast stock traded down $0.05 during trading hours on Friday, hitting $31.59. The stock had a trading volume of 53,783,241 shares, compared to its average volume of 20,704,542. The stock has a market cap of $116.64 billion, a price-to-earnings ratio of 5.22, a P/E/G ratio of 1.89 and a beta of 0.93. Comcast Corporation has a one year low of $31.03 and a one year high of $45.31. The business's 50 day simple moving average is $33.45 and its 200-day simple moving average is $34.47. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The firm had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. During the same period last year, the business posted $1.21 EPS. The business's revenue was up 2.1% compared to the same quarter last year. On average, equities analysts predict 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. Stockholders 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 dividend yield of 4.2%. The ex-dividend date is Wednesday, October 1st. Comcast's payout ratio is 21.82%.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of research analyst reports. Barclays reduced their price target on shares of Comcast from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Scotiabank lifted their target price on Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a research report on Friday, July 11th. Sanford C. Bernstein decreased their price objective on Comcast from $37.00 to $36.00 and set a "market perform" rating on the stock in a report on Wednesday, September 10th. Arete Research raised Comcast to a "hold" rating in a report on Tuesday, July 8th. Finally, Rothschild & Co Redburn cut their price target on Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $40.56.

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.