Marks Group Wealth Management Inc Has $2.03 Million Position in Comcast Corporation $CMCSA

Marks Group Wealth Management Inc lessened its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 56,909 shares of the cable giant’s stock after selling 823 shares during the period. Marks Group Wealth Management Inc’s holdings in Comcast were worth $2,031,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CMCSA. Inlight Wealth Management LLC bought a new stake in shares of Comcast during the first quarter valued at approximately $26,000. Cranbrook Wealth Management LLC lifted 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 buying an additional 350 shares in the last quarter. Global Trust Asset Management LLC boosted 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 buying an additional 671 shares during the last quarter. Abound Financial LLC bought a new stake in shares of Comcast during the first quarter worth $29,000. Finally, Ransom Advisory Ltd bought a new stake in shares of Comcast during the first quarter worth $29,000. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

Shares of CMCSA stock opened at $30.90 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a 12-month low of $30.38 and a 12-month high of $45.31. The firm has a fifty day moving average of $32.73 and a 200-day moving average of $34.13. The firm has a market capitalization of $114.09 billion, a price-to-earnings ratio of 5.11, a price-to-earnings-growth ratio of 1.81 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The firm had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. During the same period in the previous year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.3%. Comcast’s payout ratio is currently 21.82%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of research reports. Morgan Stanley lowered their price objective on Comcast from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, August 4th. Scotiabank lifted their price target on shares of Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a research report on Friday, July 11th. Rosenblatt Securities boosted their price target 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. Royal Bank Of Canada initiated coverage on shares of Comcast in a research note on Monday, September 8th. They issued a “sector perform” rating and a $38.00 price objective on the stock. Finally, Barclays dropped their target price on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Comcast currently has an average rating of “Hold” and a consensus target price of $40.26.

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.