Wealth Advisors of Tampa Bay LLC decreased its position in Comcast Corporation (NASDAQ:CMCSA – Free Report) by 74.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,459 shares of the cable giant’s stock after selling 115,054 shares during the quarter. Wealth Advisors of Tampa Bay LLC’s holdings in Comcast were worth $1,209,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Imprint Wealth LLC acquired a new position in shares of Comcast in the third quarter valued at approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Comcast in the fourth quarter valued at approximately $27,000. United Financial Planning Group LLC acquired a new position in shares of Comcast in the third quarter valued at approximately $28,000. Olistico Wealth LLC acquired a new position in shares of Comcast in the fourth quarter valued at approximately $29,000. Finally, Richardson Financial Services Inc. grew its position in shares of Comcast by 212.6% in the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 691 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.
Comcast Trading Down 0.2%
Shares of CMCSA stock opened at $25.15 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The stock has a market cap of $89.84 billion, a P/E ratio of 4.95, a price-to-earnings-growth ratio of 2.03 and a beta of 0.71. The stock has a 50 day simple moving average of $27.53 and a 200 day simple moving average of $28.60. Comcast Corporation has a 1 year low of $24.53 and a 1 year high of $36.66.
Comcast Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.2%. Comcast’s dividend payout ratio is presently 25.98%.
Analyst Ratings Changes
Several equities analysts have recently commented on CMCSA shares. UBS Group decreased their target price on Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft cut Comcast from a “buy” rating to a “hold” rating and set a $34.00 price target for the company. in a research note on Friday, April 24th. Pivotal Research cut Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Evercore boosted their price target on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $34.79.
View Our Latest Stock Report on CMCSA
Comcast Company Profile
Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.
NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.
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