Revolve Wealth Partners LLC Decreases Position in Comcast Corporation $CMCSA

Revolve Wealth Partners LLC lowered its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 6.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,122 shares of the cable giant’s stock after selling 531 shares during the period. Revolve Wealth Partners LLC’s holdings in Comcast were worth $290,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Inlight Wealth Management LLC bought a new position in Comcast in the 1st quarter worth approximately $26,000. Cranbrook Wealth Management LLC boosted its holdings in Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after buying an additional 350 shares during the period. Global Trust Asset Management LLC boosted its holdings in Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after buying an additional 671 shares during the period. Abound Financial LLC bought a new position in Comcast in the 1st quarter worth approximately $29,000. Finally, Ransom Advisory Ltd bought a new position in Comcast in the 1st quarter worth approximately $29,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 0.2%

Shares of NASDAQ:CMCSA opened at $29.41 on Tuesday. The firm has a fifty day moving average price of $32.42 and a two-hundred day moving average price of $33.85. 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 one year low of $29.39 and a one year high of $45.31. The company has a market cap of $108.59 billion, a price-to-earnings ratio of 4.86, a PEG ratio of 1.74 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The firm had revenue of $30.34 billion during the quarter. Analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s payout ratio is currently 21.82%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CMCSA shares. Bank of America cut their price objective on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, September 29th. The Goldman Sachs Group cut their price objective on shares of Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, September 24th. Sanford C. Bernstein cut their price objective on shares of Comcast from $37.00 to $36.00 and set a “market perform” rating for the company in a report on Wednesday, September 10th. Arete Research raised shares of Comcast to a “hold” rating in a report on Tuesday, July 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Comcast in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $39.94.

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.