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Motley Fool Wealth Management LLC Trims Stake in Comcast Corporation (NASDAQ:CMCSA)

Comcast logo with Consumer Discretionary background

Key Points

  • Motley Fool Wealth Management LLC reduced its stake in Comcast by 13.2%, selling 36,504 shares, bringing its total holdings to 240,773 shares valued at approximately $8.89 million.
  • Comcast reported a quarterly revenue of $30.31 billion, exceeding analyst expectations and achieving a 2.1% increase year-over-year.
  • The firm recently declared a quarterly dividend of $0.33, with a payout ratio of 21.82%, reflecting an annual yield of 4.2%.
  • Looking to export and analyze Comcast data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Motley Fool Wealth Management LLC reduced its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 13.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 240,773 shares of the cable giant's stock after selling 36,504 shares during the quarter. Motley Fool Wealth Management LLC's holdings in Comcast were worth $8,885,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CMCSA. Inlight Wealth Management LLC purchased a new position in shares of Comcast in the 1st quarter valued at $26,000. Abound Financial LLC purchased a new position in shares of Comcast in the 1st quarter valued at $29,000. Retirement Wealth Solutions LLC increased its holdings in shares of Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after acquiring an additional 448 shares during the period. Mpwm Advisory Solutions LLC purchased a new position in shares of Comcast in the 4th quarter valued at $33,000. Finally, Global Wealth Strategies & Associates increased its holdings in shares of Comcast by 203.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after acquiring an additional 600 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Price Performance

NASDAQ:CMCSA opened at $31.67 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The stock's fifty day moving average is $34.55 and its two-hundred day moving average is $34.93. Comcast Corporation has a 52 week low of $31.44 and a 52 week high of $45.31. The stock has a market capitalization of $116.93 billion, a price-to-earnings ratio of 5.23, a price-to-earnings-growth ratio of 1.90 and a beta of 0.92.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%. The firm had revenue of $30.31 billion during the quarter, compared to analysts' expectations of $29.81 billion. During the same period in the previous year, the firm posted $1.21 EPS. Comcast's revenue for the quarter was up 2.1% on a year-over-year basis. Research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.2%. Comcast's dividend payout ratio (DPR) is currently 21.82%.

Analysts Set New Price Targets

CMCSA has been the subject of a number of recent analyst reports. Barclays lowered their price objective on Comcast from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Oppenheimer lowered their price objective on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. KeyCorp lowered their price objective on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Citigroup lowered their price objective on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Morgan Stanley lowered their price objective on Comcast from $40.00 to $38.00 and set an "equal weight" rating for the company in a research report on Monday, August 4th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $40.73.

Get Our Latest Analysis on Comcast

Comcast Profile

(Free Report)

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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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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