Drucker Wealth 3.0 LLC Sells 46,419 Shares of Comcast Corporation $CMCSA

Key Points

• Drucker Wealth 3.0 LLC decreased its holdings in Comcast Corporation by 39.7%, selling 46,419 shares during the second quarter, leaving them with a total of 70,564 shares valued at approximately $2,513,000.
• Comcast announced a quarterly dividend of $0.33 per share, with a dividend yield of 4.5%, scheduled to be paid on October 22nd.
• Analysts have adjusted Comcast's price targets, with Goldman Sachs lowering its target from $40.00 to $39.00, and Bank of America reducing its target from $38.00 to $36.00, reflecting varying opinions on the stock's performance.

Drucker Wealth 3.0 LLC decreased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 39.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 70,564 shares of the cable giant's stock after selling 46,419 shares during the quarter. Drucker Wealth 3.0 LLC's holdings in Comcast were worth $2,513,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CMCSA. Foster Group Inc. grew its stake in Comcast by 4.0% in the second quarter. Foster Group Inc. now owns 7,418 shares of the cable giant's stock worth $265,000 after purchasing an additional 282 shares in the last quarter. Argyle Capital Management LLC grew its stake in Comcast by 0.5% in the second quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant's stock worth $2,184,000 after purchasing an additional 300 shares in the last quarter. Clearstead Trust LLC grew its stake in Comcast by 5.2% in the first quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant's stock worth $227,000 after purchasing an additional 305 shares in the last quarter. Webster Bank N. A. grew its stake in Comcast by 2.9% in the second quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant's stock worth $386,000 after purchasing an additional 305 shares in the last quarter. Finally, United Asset Strategies Inc. grew its stake in Comcast by 2.2% in the first 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 in the last quarter. Institutional investors own 84.32% of the company's stock.

Comcast Stock Performance

Shares of CMCSA opened at $29.46 on Friday. Comcast Corporation has a 12 month low of $29.42 and a 12 month high of $45.31. The stock has a fifty day moving average price of $32.48 and a 200-day moving average price of $33.95. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a market cap of $108.77 billion, a PE ratio of 4.87, a P/E/G ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The firm had revenue of $30.34 billion during the quarter. Equities research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders 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 dividend yield of 4.5%. The ex-dividend date is Wednesday, October 1st. Comcast's dividend payout ratio is currently 21.82%.

Analyst Ratings Changes

Several research analysts recently issued reports on CMCSA shares. The Goldman Sachs Group dropped their price objective on Comcast from $40.00 to $39.00 and set a "buy" rating on the stock in a research note on Wednesday, September 24th. Bank of America dropped their price objective on Comcast from $38.00 to $36.00 and set a "neutral" rating on the stock in a research note on Monday, September 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on Comcast from $46.00 to $44.00 and set a "buy" rating on the stock in a research note on Monday, October 6th. Barclays dropped their price objective on Comcast from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Finally, Rosenblatt Securities upped their target price on Comcast from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $39.94.

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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