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

Drucker Wealth 3.0 LLC decreased its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 12.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 quarter.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Argus lowered Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Wells Fargo & Company downgraded shares of Comcast from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $37.00 to $31.00 in a report on Monday, April 14th. Oppenheimer dropped their price objective on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Barclays reduced their target price on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Finally, Macquarie lowered their price target on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Comcast presently has an average rating of "Moderate Buy" and an average target price of $42.10.

Comcast Price Performance

CMCSA stock traded up $0.43 during midday trading on Tuesday, reaching $34.95. The company had a trading volume of 22,017,079 shares, compared to its average volume of 21,963,748. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31. The stock has a 50 day moving average price of $34.81 and a 200-day moving average price of $36.89. 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 market capitalization of $130.49 billion, a price-to-earnings ratio of 8.42, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The company had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. During the same period in the previous year, the company earned $1.04 EPS. The business's revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.78%. Comcast's payout ratio is 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.