Drucker Wealth 3.0 LLC Reduces Holdings in Comcast Co. (NASDAQ:CMCSA)

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

A number of other institutional investors also recently modified their holdings of the business. Toronto Dominion Bank lifted its stake in shares of Comcast by 6.3% during the 4th quarter. Toronto Dominion Bank now owns 2,918,095 shares of the cable giant's stock valued at $109,513,000 after buying an additional 172,871 shares in the last quarter. North Star Asset Management Inc. lifted its stake in shares of Comcast by 2.1% during the 4th quarter. North Star Asset Management Inc. now owns 32,768 shares of the cable giant's stock valued at $1,230,000 after buying an additional 687 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in Comcast in the 4th quarter worth approximately $27,150,000. Parr Mcknight Wealth Management Group LLC purchased a new stake in Comcast in the 4th quarter worth approximately $4,576,000. Finally, WCG Wealth Advisors LLC lifted its stake in Comcast by 1.8% in the 4th quarter. WCG Wealth Advisors LLC now owns 78,584 shares of the cable giant's stock worth $2,949,000 after purchasing an additional 1,388 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Trading Down 0.9%

Comcast stock traded down $0.32 during trading hours on Wednesday, reaching $34.63. The stock had a trading volume of 19,741,886 shares, compared to its average volume of 21,954,902. The stock has a market cap of $129.30 billion, a PE ratio of 8.34, a PEG ratio of 1.78 and a beta of 0.97. Comcast Co. has a 52 week low of $31.44 and a 52 week high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The company has a fifty day simple moving average of $34.78 and a 200-day simple moving average of $36.87.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The company's revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 EPS. Analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is presently 32.43%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wall Street Zen upgraded shares of Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and lowered their target price for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. The Goldman Sachs Group lowered their target price on shares of Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Scotiabank reiterated a "sector perform" rating and issued a $44.50 target price (down from $45.00) on shares of Comcast in a research note on Friday, April 25th. Finally, KeyCorp lowered their target price on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $42.10.

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.