Comcast Corporation $CMCSA Shares Acquired by WBI Investments LLC

WBI Investments LLC boosted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 10.6% in the 2nd quarter, Holdings Channel reports. The firm owned 25,295 shares of the cable giant’s stock after purchasing an additional 2,431 shares during the period. WBI Investments LLC’s holdings in Comcast were worth $903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Cranbrook Wealth Management LLC boosted its stake in shares of Comcast by 86.0% during the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after buying an additional 350 shares during the period. Global Trust Asset Management LLC increased its position in Comcast by 906.8% in the 2nd 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 during the period. Avalon Trust Co raised its stake in Comcast by 433.3% during the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 624 shares during the last quarter. Ransom Advisory Ltd acquired a new stake in Comcast during the 1st quarter worth approximately $29,000. Finally, Princeton Global Asset Management LLC lifted its position in Comcast by 403.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after acquiring an additional 686 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

Comcast stock opened at $27.36 on Wednesday. The company has a market cap of $99.70 billion, a P/E ratio of 4.55, a price-to-earnings-growth ratio of 1.78 and a beta of 0.92. Comcast Corporation has a one year low of $25.75 and a one year high of $44.03. The business has a fifty day moving average of $29.86 and a two-hundred day moving average of $32.77. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88.

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

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.8%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio is presently 21.96%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Bank of America dropped their target price on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Sanford C. Bernstein dropped their price objective on shares of Comcast from $36.00 to $34.00 and set a “market perform” rating on the stock in a research note on Friday, October 31st. TD Cowen cut their price objective on shares of Comcast from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Benchmark reduced their target price on shares of Comcast from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a report on Tuesday, November 4th. Eleven research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $35.92.

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.