Comcast Corporation $CMCSA Shares Sold by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. lowered its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 13.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,778 shares of the cable giant’s stock after selling 599 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Comcast were worth $135,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Inlight Wealth Management LLC acquired a new stake in Comcast during the 1st quarter worth approximately $26,000. Global Trust Asset Management LLC grew its position in Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 671 shares in the last quarter. Cranbrook Wealth Management LLC grew its position in Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 350 shares in the last quarter. Ransom Advisory Ltd acquired a new stake in Comcast in the first quarter valued at approximately $29,000. Finally, Abound Financial LLC acquired a new stake in Comcast in the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $30.40 on Friday. The firm has a market capitalization of $112.24 billion, a PE ratio of 5.02, a P/E/G ratio of 1.81 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. Comcast Corporation has a 1-year low of $30.38 and a 1-year high of $45.31. The business’s fifty day moving average price is $32.79 and its two-hundred day moving average price is $34.20.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. The company had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $1.21 earnings per share. On average, research analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is 21.82%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several research analyst reports. Citigroup reiterated a “buy” rating on shares of Comcast in a research note on Tuesday, August 26th. Rothschild & Co Redburn reduced their target price on Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Sanford C. Bernstein reduced their target price on Comcast from $37.00 to $36.00 and set a “market perform” rating for the company in a research note on Wednesday, September 10th. Royal Bank Of Canada initiated coverage on Comcast in a research note on Monday, September 8th. They set a “sector perform” rating and a $38.00 target price for the company. Finally, Scotiabank increased their target price on Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $40.07.

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.