Drucker Wealth 3.0 LLC Has $4.41 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Drucker Wealth 3.0 LLC reduced its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 12.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 117,493 shares of the cable giant's stock after selling 16,021 shares during the quarter. Drucker Wealth 3.0 LLC's holdings in Comcast were worth $4,410,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Promus Capital LLC purchased a new position in Comcast in the fourth quarter valued at about $25,000. Roxbury Financial LLC acquired a new position in shares of Comcast in the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast during the 4th quarter valued at approximately $28,000. Mpwm Advisory Solutions LLC acquired a new position in Comcast in the fourth quarter worth $33,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in Comcast during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 84.32% of the company's stock.

Wall Street Analyst Weigh In

CMCSA has been the subject of several research reports. Sanford C. Bernstein set a $38.00 price target on shares of Comcast in a report on Friday, January 31st. Benchmark decreased their target price on Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Macquarie lowered their target price on Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, January 31st. KeyCorp cut their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, BNP Paribas downgraded Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective for the company. in a research note on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $42.10.

Comcast Trading Down 1.4%

CMCSA stock traded down $0.49 during midday trading on Thursday, reaching $34.15. The stock had a trading volume of 10,181,092 shares, compared to its average volume of 21,930,106. The firm has a market cap of $127.49 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 1.78 and a beta of 0.97. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The business has a fifty day simple moving average of $34.74 and a two-hundred day simple moving average of $36.86.

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. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter last year, the business posted $1.04 EPS. The firm's revenue was down .6% compared to the same quarter last year. As a group, research analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is presently 32.43%.

Comcast 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.