Angeles Wealth Management LLC Has $311,000 Stake in Comcast Corporation $CMCSA

Angeles Wealth Management LLC increased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 8.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,723 shares of the cable giant’s stock after buying an additional 714 shares during the period. Angeles Wealth Management LLC’s holdings in Comcast were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. QRG Capital Management Inc. raised its position in shares of Comcast by 13.0% in the second quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock valued at $25,867,000 after buying an additional 83,631 shares in the last quarter. Advisor OS LLC raised its position in shares of Comcast by 33.2% in the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock valued at $1,308,000 after buying an additional 8,841 shares in the last quarter. Aberdeen Group plc raised its position in shares of Comcast by 5.4% in the second quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock valued at $103,142,000 after buying an additional 147,231 shares in the last quarter. Resona Asset Management Co. Ltd. increased its stake in Comcast by 10.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock valued at $47,254,000 after acquiring an additional 118,839 shares during the last quarter. Finally, OMNI 360 Wealth Inc. bought a new position in Comcast in the first quarter valued at approximately $335,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

NASDAQ CMCSA opened at $29.54 on Friday. The firm’s fifty day moving average price is $32.23 and its two-hundred day moving average price is $33.70. The stock has a market cap of $109.07 billion, a PE ratio of 4.88, a PEG ratio of 1.73 and a beta of 0.94. Comcast Corporation has a fifty-two week low of $29.15 and a fifty-two week high of $45.31. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The firm had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. On average, equities analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

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 paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. Comcast’s payout ratio is currently 21.82%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CMCSA shares. Scotiabank reissued a “sector perform” rating and issued a $45.50 price objective (up from $45.00) on shares of Comcast in a research note on Monday, October 6th. Arete Research raised shares of Comcast to a “hold” rating in a research note on Tuesday, July 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research note on Tuesday. Citigroup reissued a “buy” rating on shares of Comcast in a research note on Tuesday, August 26th. Finally, Rosenblatt Securities decreased their price objective on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Comcast has a consensus rating of “Hold” and an average price target of $39.76.

About Comcast

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.