Comcast Corporation $CMCSA Stake Cut by Amplius Wealth Advisors LLC

Amplius Wealth Advisors LLC reduced its holdings in Comcast Corporation (NASDAQ:CMCSA) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,717 shares of the cable giant’s stock after selling 447 shares during the period. Amplius Wealth Advisors LLC’s holdings in Comcast were worth $3,416,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC grew its position in Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 671 shares in the last quarter. Cranbrook Wealth Management LLC grew its position in Comcast by 86.0% during the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 350 shares in the last quarter. Ransom Advisory Ltd purchased a new position in Comcast during the first quarter valued at approximately $29,000. Abound Financial LLC purchased a new position in Comcast during the first quarter valued at approximately $29,000. Finally, Princeton Global Asset Management LLC grew its position in Comcast by 403.5% during the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after purchasing an additional 686 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of Comcast stock opened at $27.32 on Friday. The firm has a fifty day simple moving average of $31.53 and a 200-day simple moving average of $33.37. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $45.31. The stock has a market capitalization of $100.87 billion, a price-to-earnings ratio of 4.52, a PEG ratio of 1.69 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data 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 during the quarter. On average, sell-side analysts expect 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, February 4th. Stockholders of record on Wednesday, January 14th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Wednesday, January 14th. Comcast’s payout ratio is presently 21.82%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of research analyst reports. Royal Bank Of Canada initiated coverage on shares of Comcast in a research report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price objective on the stock. Barclays lowered their price objective on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. The Goldman Sachs Group decreased their target price on shares of Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, September 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Comcast has a consensus rating of “Hold” and a consensus target price of $39.52.

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.