WBH Advisory Inc. Sells 713 Shares of Comcast Corporation $CMCSA

WBH Advisory Inc. reduced its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 4.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,005 shares of the cable giant’s stock after selling 713 shares during the period. WBH Advisory Inc.’s holdings in Comcast were worth $536,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC bought a new position in Comcast during the 1st quarter valued at about $26,000. Global Trust Asset Management LLC raised its stake 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 worth $27,000 after acquiring an additional 671 shares during the last quarter. Cranbrook Wealth Management LLC raised its stake 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 worth $27,000 after acquiring an additional 350 shares during the last quarter. Ransom Advisory Ltd bought a new position in shares of Comcast in the first quarter worth about $29,000. Finally, Abound Financial LLC bought a new position in shares of Comcast in the first quarter worth about $29,000. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of research analyst reports. Rosenblatt Securities dropped their target price on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft dropped their target price 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. Bank of America dropped their target price on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Benchmark reaffirmed a “buy” rating on shares of Comcast in a research note on Friday, July 18th. Finally, Arete Research raised shares of Comcast to a “hold” rating in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Comcast currently has a consensus rating of “Hold” and an average target price of $39.76.

Comcast Stock Up 0.1%

Shares of NASDAQ:CMCSA opened at $29.57 on Tuesday. Comcast Corporation has a one year low of $29.15 and a one year high of $45.31. The company has a 50 day moving average of $32.19 and a 200-day moving average of $33.63. 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 stock has a market cap of $109.18 billion, a price-to-earnings ratio of 4.89, a P/E/G ratio of 1.75 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued 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 company had revenue of $30.34 billion during the quarter. On average, sell-side analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. 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%.

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.