CreativeOne Wealth LLC Sells 12,670 Shares of Comcast Corporation $CMCSA

Key Points

• CreativeOne Wealth LLC has reduced its stake in Comcast Corporation by 35.9%, now holding 22,574 shares valued at approximately $833,000 as of the latest SEC disclosure.
• Multiple analysts have adjusted their price targets for Comcast, with Moffett Nathanson increasing their target from $56.00 to $58.00, while Morgan Stanley lowered theirs from $40.00 to $38.00.
• Comcast recently announced a quarterly dividend of $0.33, representing an annual yield of 3.9%, set to be paid to shareholders on October 22nd.

CreativeOne Wealth LLC decreased its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 35.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,574 shares of the cable giant's stock after selling 12,670 shares during the period. CreativeOne Wealth LLC's holdings in Comcast were worth $833,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Dodge & Cox increased its holdings in shares of Comcast by 19.1% in the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant's stock worth $3,476,635,000 after purchasing an additional 15,115,074 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Comcast by 12.0% during the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after purchasing an additional 5,402,377 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Comcast by 16.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,356,027 shares of the cable giant's stock worth $1,326,912,000 after purchasing an additional 4,991,891 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Comcast by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant's stock worth $1,240,955,000 after purchasing an additional 926,663 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in Comcast by 1.9% in the fourth quarter. Nuveen Asset Management LLC now owns 26,055,944 shares of the cable giant's stock worth $977,880,000 after buying an additional 497,829 shares during the period. Institutional investors own 84.32% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CMCSA. Rosenblatt Securities raised their target price on shares of Comcast from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. Citigroup reaffirmed a "buy" rating on shares of Comcast in a research report on Tuesday, August 26th. Barclays dropped their price target on shares of Comcast from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Moffett Nathanson lifted their target price on shares of Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Finally, Morgan Stanley lowered their target price on shares of Comcast from $40.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $40.73.

Comcast Price Performance

Shares of Comcast stock traded down $0.24 during trading hours on Wednesday, reaching $33.89. The company's stock had a trading volume of 17,907,194 shares, compared to its average volume of 24,061,951. The firm has a 50 day moving average price of $34.10 and a 200-day moving average price of $34.72. Comcast Corporation has a one year low of $31.03 and a one year high of $45.31. 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 stock has a market cap of $125.13 billion, a P/E ratio of 5.60, a P/E/G ratio of 2.03 and a beta of 0.93.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its 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 net margin of 18.44% and a return on equity of 18.86%. The firm had revenue of $30.31 billion for the quarter, compared to the consensus estimate of $29.81 billion. During the same period in the previous year, the firm posted $1.21 EPS. The business'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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, October 1st. Comcast's dividend payout ratio 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.