CW Advisors LLC Buys 34,626 Shares of Comcast Corporation $CMCSA

Key Points

• CW Advisors LLC increased its stake in Comcast Corporation by 34.8%, owning a total of 134,107 shares worth approximately $4.94 million after acquiring an additional 34,626 shares.
• Comcast's stock price opened at $34.15 with a market cap of $126.09 billion, and it has a P/E ratio of 5.64.
• The company recently declared a quarterly dividend of $0.33, with a yield of 3.9%, scheduled to be paid on October 22nd.

CW Advisors LLC boosted its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 34.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 134,107 shares of the cable giant's stock after purchasing an additional 34,626 shares during the period. CW Advisors LLC's holdings in Comcast were worth $4,943,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. United Asset Strategies Inc. grew its position in Comcast by 2.2% in the 1st quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant's stock worth $519,000 after purchasing an additional 308 shares during the period. Kaufman Rossin Wealth LLC bought a new stake in shares of Comcast during the 1st quarter valued at $421,000. Aspire Growth Partners LLC grew its position in shares of Comcast by 8.4% during the 1st quarter. Aspire Growth Partners LLC now owns 10,529 shares of the cable giant's stock valued at $362,000 after acquiring an additional 817 shares during the period. Capital Analysts LLC grew its position in shares of Comcast by 5.4% during the 1st quarter. Capital Analysts LLC now owns 264,887 shares of the cable giant's stock valued at $9,774,000 after acquiring an additional 13,629 shares during the period. Finally, Level Four Advisory Services LLC grew its position in shares of Comcast by 25.8% during the 1st quarter. Level Four Advisory Services LLC now owns 179,588 shares of the cable giant's stock valued at $6,627,000 after acquiring an additional 36,839 shares during the period. Institutional investors own 84.32% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CMCSA shares. Morgan Stanley cut their price objective on shares of Comcast from $40.00 to $38.00 and set an "equal weight" rating for the company in a research report on Monday, August 4th. UBS Group cut their price objective on shares of Comcast from $40.00 to $36.00 and set a "neutral" rating for the company in a research report on Friday, August 1st. Arete Research raised shares of Comcast to a "hold" rating in a research report on Tuesday, July 8th. Argus downgraded shares of Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. 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 report on Thursday, June 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $40.73.

Comcast Stock Up 1.6%

Shares of CMCSA stock opened at $34.15 on Friday. The stock has a market cap of $126.09 billion, a P/E ratio of 5.64, a PEG ratio of 2.05 and a beta of 0.92. Comcast Corporation has a 52 week low of $31.03 and a 52 week high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The company's fifty day simple moving average is $34.21 and its two-hundred day simple moving average is $34.77.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly 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. The business had revenue of $30.31 billion for the quarter, compared to analysts' expectations of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.21 EPS. Analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

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

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