Total Clarity Wealth Management Inc. Increases Stake in Comcast Corporation $CMCSA

Key Points

• Total Clarity Wealth Management Inc. increased its stake in Comcast Corporation by 130.6% during the second quarter, owning 17,432 shares valued at $622,000.
• Research analysts have mixed views on Comcast, with a consensus rating of "Hold" and a price target of $39.94, while various firms have given different ratings and targets.
• Comcast announced a quarterly dividend of $0.33 per share, resulting in an annual yield of 4.5%, with the ex-dividend date being October 1st.

Total Clarity Wealth Management Inc. boosted its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 130.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,432 shares of the cable giant's stock after acquiring an additional 9,872 shares during the quarter. Total Clarity Wealth Management Inc.'s holdings in Comcast were worth $622,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CMCSA. Nuveen LLC acquired a new stake in Comcast in the first quarter valued at approximately $940,015,000. Dodge & Cox grew its holdings in Comcast by 19.1% in the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant's stock valued at $3,476,635,000 after purchasing an additional 15,115,074 shares during the period. Pacer Advisors Inc. grew its holdings in Comcast by 1,959.3% in the first quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant's stock valued at $488,140,000 after purchasing an additional 12,586,329 shares during the period. KBC Group NV grew its holdings in Comcast by 724.7% in the first quarter. KBC Group NV now owns 10,160,649 shares of the cable giant's stock valued at $374,927,000 after purchasing an additional 8,928,641 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in Comcast by 119.1% in the first quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant's stock valued at $280,238,000 after purchasing an additional 4,128,434 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMCSA has been the topic of several research analyst reports. Benchmark reissued a "buy" rating on shares of Comcast in a report on Friday, July 18th. KeyCorp lowered their price target on Comcast from $45.00 to $43.00 and set an "overweight" rating on the stock in a research note on Friday, October 3rd. UBS Group set a $43.00 price target on Comcast in a research note on Friday, October 3rd. Citigroup reaffirmed a "buy" rating on shares of Comcast in a research note on Tuesday, August 26th. Finally, Loop Capital lowered their price target on Comcast from $44.00 to $43.00 and set a "buy" rating on the stock in a research note on Wednesday, October 1st. One research 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $39.94.

Comcast Stock Performance

NASDAQ CMCSA opened at $29.41 on Tuesday. The stock's fifty day moving average is $32.42 and its two-hundred day moving average is $33.85. The firm has a market capitalization of $108.59 billion, a P/E ratio of 4.86, a price-to-earnings-growth ratio of 1.74 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. Comcast Corporation has a fifty-two week low of $29.39 and a fifty-two week high of $45.31.

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

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.5%. 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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