Mission Wealth Management LP Has $1.67 Million Holdings in Comcast Corporation $CMCSA

Mission Wealth Management LP lowered its stake in Comcast Corporation (NASDAQ:CMCSA) by 4.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,851 shares of the cable giant’s stock after selling 2,326 shares during the period. Mission Wealth Management LP’s holdings in Comcast were worth $1,672,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. TIAA Trust National Association lifted its holdings in Comcast by 0.9% in the 2nd quarter. TIAA Trust National Association now owns 222,518 shares of the cable giant’s stock worth $7,942,000 after purchasing an additional 1,999 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Comcast in the second quarter worth $74,949,000. Cambiar Investors LLC lifted its stake in shares of Comcast by 9.7% in the second quarter. Cambiar Investors LLC now owns 1,450,962 shares of the cable giant’s stock worth $51,785,000 after buying an additional 128,644 shares during the last quarter. Lifeworks Advisors LLC lifted its stake in shares of Comcast by 10.3% in the second quarter. Lifeworks Advisors LLC now owns 20,088 shares of the cable giant’s stock worth $717,000 after buying an additional 1,876 shares during the last quarter. Finally, Center for Financial Planning Inc. lifted its stake in shares of Comcast by 4.5% in the second quarter. Center for Financial Planning Inc. now owns 10,886 shares of the cable giant’s stock worth $389,000 after buying an additional 465 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CMCSA shares. Scotiabank cut their target price on shares of Comcast from $45.50 to $41.50 and set a “sector perform” rating for the company in a research report on Friday. Moffett Nathanson boosted their price objective on Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research report on Tuesday, October 14th. KeyCorp lowered Comcast from an “overweight” rating to a “sector weight” rating in a report on Thursday. Finally, Barclays cut their price target on Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Eleven research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Comcast has a consensus rating of “Hold” and an average target price of $36.74.

Comcast Trading Up 1.9%

Comcast stock opened at $27.83 on Monday. The business has a 50 day moving average price of $31.40 and a two-hundred day moving average price of $33.32. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The stock has a market cap of $102.75 billion, a price-to-earnings ratio of 4.63, a price-to-earnings-growth ratio of 1.89 and a beta of 0.94. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The business had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. As a group, equities analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm 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. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.7%. Comcast’s dividend payout ratio is currently 21.96%.

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.