Comcast Corporation $CMCSA Shares Sold by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC decreased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 6.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,117 shares of the cable giant’s stock after selling 1,438 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Comcast were worth $718,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Foster Group Inc. grew its position in Comcast by 4.0% in the second quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock worth $265,000 after buying an additional 282 shares during the last quarter. Argyle Capital Management LLC grew its position in Comcast by 0.5% in the second quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock worth $2,184,000 after buying an additional 300 shares during the last quarter. Clearstead Trust LLC grew its position in Comcast by 5.2% in the first quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock worth $227,000 after buying an additional 305 shares during the last quarter. Webster Bank N. A. grew its position in Comcast by 2.9% in the second quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock worth $386,000 after buying an additional 305 shares during the last quarter. Finally, United Asset Strategies Inc. grew its position in Comcast by 2.2% in the first quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock worth $519,000 after buying an additional 308 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several recent research reports. Moffett Nathanson lifted their price target on shares of Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. The Goldman Sachs Group decreased their price objective on shares of Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, September 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. Morgan Stanley set a $35.00 price objective on shares of Comcast and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Comcast currently has an average rating of “Hold” and a consensus price target of $39.76.

Comcast Trading Up 1.0%

Shares of NASDAQ:CMCSA opened at $29.54 on Monday. The firm has a fifty day moving average of $32.23 and a two-hundred day moving average of $33.66. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a 12-month low of $29.15 and a 12-month high of $45.31. The firm has a market capitalization of $109.07 billion, a P/E ratio of 4.88, a price-to-earnings-growth ratio of 1.75 and a beta of 0.94.

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

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders 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 dividend yield of 4.5%. Comcast’s dividend payout ratio (DPR) is 21.82%.

Comcast Company 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.