Leo Wealth LLC Buys 11,396 Shares of Comcast Corporation $CMCSA

Key Points

• Leo Wealth LLC increased its stake in Comcast Corporation by 49.3%, acquiring an additional 11,396 shares during the second quarter, bringing their total holdings to $1,232,000.
• Several institutional investors, including QRG Capital Management and DAVENPORT & Co, also raised their stakes in Comcast, contributing to a total institutional ownership of 84.32% of the company's stock.
• Comcast recently declared a $0.33 quarterly dividend, with a dividend yield of 4.4%, set to be paid to stockholders on October 22nd.

Leo Wealth LLC grew its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 49.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,508 shares of the cable giant's stock after purchasing an additional 11,396 shares during the quarter. Leo Wealth LLC's holdings in Comcast were worth $1,232,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. QRG Capital Management Inc. lifted its holdings in shares of Comcast by 13.0% in the second quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant's stock valued at $25,867,000 after purchasing an additional 83,631 shares in the last quarter. Advisor OS LLC increased its position in shares of Comcast by 33.2% during the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant's stock valued at $1,308,000 after acquiring an additional 8,841 shares during the last quarter. Resona Asset Management Co. Ltd. increased its position in shares of Comcast by 10.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant's stock valued at $47,254,000 after acquiring an additional 118,839 shares during the last quarter. OMNI 360 Wealth Inc. purchased a new stake in shares of Comcast during the first quarter valued at approximately $335,000. Finally, DAVENPORT & Co LLC increased its position in shares of Comcast by 41.7% during the first quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant's stock valued at $157,766,000 after acquiring an additional 1,261,278 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Analysts Set New Price Targets

CMCSA has been the subject of a number of research analyst reports. Loop Capital decreased their price target on Comcast from $44.00 to $43.00 and set a "buy" rating for the company in a research report on Wednesday, October 1st. Royal Bank Of Canada initiated coverage on Comcast in a research report on Monday, September 8th. They set a "sector perform" rating and a $38.00 price target for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Comcast in a research report on Saturday, September 27th. Arete Research raised Comcast to a "hold" rating in a research report on Tuesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Comcast from $46.00 to $44.00 and set a "buy" rating for the company in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $39.94.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $30.08 on Friday. The stock has a market cap of $111.06 billion, a PE ratio of 4.97, a price-to-earnings-growth ratio of 1.83 and a beta of 0.94. Comcast Corporation has a fifty-two week low of $30.06 and a fifty-two week high of $45.31. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a fifty day moving average of $32.54 and a 200-day moving average of $34.00.

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

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be given a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.4%. Comcast's payout ratio is 21.82%.

About Comcast

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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