Comcast Corporation $CMCSA Shares Sold by Midland Wealth Advisors LLC

Midland Wealth Advisors LLC lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 13.7% during the second quarter, HoldingsChannel reports. The firm owned 13,307 shares of the cable giant’s stock after selling 2,113 shares during the period. Midland Wealth Advisors LLC’s holdings in Comcast were worth $475,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CMCSA. Cranbrook Wealth Management LLC grew its holdings in Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after acquiring an additional 350 shares in the last quarter. Global Trust Asset Management LLC lifted its stake in 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 buying an additional 671 shares during the last quarter. Ransom Advisory Ltd acquired a new position in Comcast during the 1st quarter valued at about $29,000. Princeton Global Asset Management LLC grew its holdings in Comcast by 403.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after buying an additional 686 shares in the last quarter. Finally, Legend Financial Advisors Inc. bought a new stake in shares of Comcast during the second quarter valued at about $33,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on CMCSA. TD Cowen decreased their price objective on shares of Comcast from $46.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 31st. BNP Paribas Exane upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a research report on Tuesday, November 4th. Rosenblatt Securities lowered their price target on Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, October 17th. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research note on Tuesday, November 4th. Finally, Moffett Nathanson upped their price objective on Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a report on Friday, September 12th. Ten investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $36.29.

Comcast Stock Performance

Shares of Comcast stock opened at $27.35 on Monday. The stock has a market cap of $99.66 billion, a PE ratio of 4.55, a price-to-earnings-growth ratio of 1.77 and a beta of 0.92. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $44.63. 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 business has a fifty day simple moving average of $30.76 and a 200-day simple moving average of $33.08.

Comcast (NASDAQ:CMCSA) last posted its quarterly 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 net margin of 18.33% and a return on equity of 18.06%. On average, sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be issued a $0.33 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a yield of 4.8%. Comcast’s dividend payout ratio is currently 21.96%.

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.