Signature Estate & Investment Advisors LLC Lowers Stock Holdings in Comcast Corporation $CMCSA

Signature Estate & Investment Advisors LLC lowered its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 9.4% during the second quarter, HoldingsChannel.com reports. The firm owned 9,456 shares of the cable giant’s stock after selling 976 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Comcast were worth $337,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Inlight Wealth Management LLC purchased a new position in shares of Comcast in the first quarter valued at approximately $26,000. Cranbrook Wealth Management LLC lifted its position in shares of 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. Global Trust Asset Management LLC lifted its position in shares of 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. Abound Financial LLC purchased a new position in shares of Comcast in the first quarter valued at approximately $29,000. Finally, Ransom Advisory Ltd purchased a new position in shares of Comcast in the first quarter valued at approximately $29,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA stock opened at $29.57 on Tuesday. The business has a fifty day moving average of $32.19 and a two-hundred day moving average of $33.63. 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 stock has a market cap of $109.18 billion, a price-to-earnings ratio of 4.89, a price-to-earnings-growth ratio of 1.75 and a beta of 0.94. Comcast Corporation has a 52-week low of $29.15 and a 52-week high of $45.31.

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

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a $0.33 dividend. 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 payout ratio is presently 21.82%.

Analysts Set New Price Targets

CMCSA has been the topic of several research reports. Bank of America decreased their target price on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Deutsche Bank Aktiengesellschaft decreased their target price on Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. KeyCorp reduced their price objective on Comcast from $45.00 to $43.00 and set an “overweight” rating on the stock in a research report on Friday, October 3rd. Morgan Stanley set a $35.00 price objective on Comcast and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Finally, UBS Group set a $43.00 price objective on Comcast in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Comcast presently has an average rating of “Hold” and a consensus target price of $39.76.

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.