6,993 Shares in Comcast Corporation $CMCSA Acquired by Werba Rubin Papier Wealth Management

Werba Rubin Papier Wealth Management purchased a new stake in Comcast Corporation (NASDAQ:CMCSA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,993 shares of the cable giant’s stock, valued at approximately $250,000.

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

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $29.26 on Friday. The company’s fifty day moving average price is $32.27 and its 200 day moving average price is $33.74. Comcast Corporation has a 12 month low of $29.15 and a 12 month high of $45.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $108.03 billion, a P/E ratio of 4.84, a P/E/G ratio of 1.76 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 for the quarter. As a group, sell-side analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm 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 $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 4.5%. Comcast’s payout ratio is currently 21.82%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CMCSA. UBS Group set a $43.00 price target on shares of Comcast in a research report on Friday, October 3rd. Scotiabank restated a “sector perform” rating and issued a $45.50 price objective (up from $45.00) on shares of Comcast in a report on Monday, October 6th. Citigroup restated a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Benchmark restated a “buy” rating on shares of Comcast in a report on Friday, July 18th. Finally, Rosenblatt Securities raised their price objective on shares of Comcast from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, August 4th. One 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 company presently has a consensus rating of “Hold” and a consensus target price of $39.94.

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.