Comcast Corporation $CMCSA Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lowered its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 40.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,926 shares of the cable giant’s stock after selling 64,636 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Comcast were worth $3,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of CMCSA. Brighton Jones LLC increased its holdings in shares of Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after acquiring an additional 99,986 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Comcast by 19.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 883,677 shares of the cable giant’s stock valued at $32,608,000 after acquiring an additional 143,593 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in shares of Comcast by 74.3% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 51,932 shares of the cable giant’s stock valued at $1,916,000 after acquiring an additional 22,135 shares during the period. Sound Income Strategies LLC increased its holdings in shares of Comcast by 66.6% in the 1st quarter. Sound Income Strategies LLC now owns 5,671 shares of the cable giant’s stock valued at $209,000 after acquiring an additional 2,267 shares during the period. Finally, Mission Wealth Management LP increased its stake in Comcast by 13.0% in the 1st quarter. Mission Wealth Management LP now owns 49,177 shares of the cable giant’s stock valued at $1,815,000 after buying an additional 5,668 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

Comcast stock opened at $29.99 on Wednesday. The firm has a market capitalization of $110.73 billion, a PE ratio of 4.96, a P/E/G ratio of 1.74 and a beta of 0.94. 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 firm’s 50-day simple moving average is $32.37 and its 200 day simple moving average is $33.83. Comcast Corporation has a 52 week low of $29.39 and a 52 week high of $45.31.

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

Comcast Announces Dividend

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 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio is presently 21.82%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Benchmark reissued a “buy” rating on shares of Comcast in a research note on Friday, July 18th. The Goldman Sachs Group dropped their price objective on shares of Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Rothschild & Co Redburn dropped their price objective on shares of Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Morgan Stanley set a $35.00 price objective on shares of Comcast and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Finally, Rosenblatt Securities boosted their price objective on shares of Comcast from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. One investment 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. Based on data from MarketBeat, Comcast has an average rating of “Hold” and an average price target 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.