Ashton Thomas Securities LLC Sells 742 Shares of Comcast Corporation $CMCSA

Ashton Thomas Securities LLC decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 67,828 shares of the cable giant’s stock after selling 742 shares during the quarter. Ashton Thomas Securities LLC’s holdings in Comcast were worth $2,423,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CMCSA. Inlight Wealth Management LLC bought a new stake in shares of Comcast in the 1st quarter valued at about $26,000. Global Trust Asset Management LLC raised 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 worth $27,000 after buying an additional 671 shares in the last quarter. Cranbrook Wealth Management LLC lifted its holdings in 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. Ransom Advisory Ltd bought a new stake in Comcast during the 1st quarter valued at $29,000. Finally, Abound Financial LLC purchased a new stake in shares of Comcast during the 1st quarter worth $29,000. 84.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Sanford C. Bernstein cut their target price on Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 10th. Citigroup reaffirmed a “buy” rating on shares of Comcast in a research report on Tuesday, August 26th. Rosenblatt Securities boosted their price objective on shares of Comcast from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. The Goldman Sachs Group lowered their target price on shares of Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, September 24th. Finally, Arete Research raised Comcast to a “hold” rating in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Comcast presently has a consensus rating of “Hold” and an average price target of $40.07.

Comcast Trading Down 1.7%

Shares of Comcast stock opened at $30.40 on Friday. The stock has a market cap of $112.24 billion, a PE ratio of 5.02, a price-to-earnings-growth ratio of 1.81 and a beta of 0.94. The firm has a fifty day moving average price of $32.79 and a 200 day moving average price of $34.20. Comcast Corporation has a 1 year low of $30.38 and a 1 year high of $45.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. During the same quarter last year, the business posted $1.21 EPS. The company’s revenue was up 2.1% on a year-over-year basis. Equities research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s payout ratio is 21.82%.

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.