Cyndeo Wealth Partners LLC Sells 540 Shares of Comcast Corporation $CMCSA

Cyndeo Wealth Partners LLC lessened its holdings in Comcast Corporation (NASDAQ:CMCSA) by 6.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,505 shares of the cable giant’s stock after selling 540 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Comcast were worth $304,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Dodge & Cox increased its holdings in Comcast by 19.1% in the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after buying an additional 15,115,074 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Comcast by 2.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock valued at $1,240,955,000 after buying an additional 926,663 shares during the period. Nuveen LLC bought a new stake in shares of Comcast in the 1st quarter worth about $940,015,000. Harris Associates L P grew its holdings in shares of Comcast by 0.5% in the 1st quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock worth $759,938,000 after purchasing an additional 111,662 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of Comcast by 2.2% in the 1st quarter. Raymond James Financial Inc. now owns 20,243,358 shares of the cable giant’s stock worth $746,980,000 after purchasing an additional 427,705 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Comcast stock opened at $29.46 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a 1 year low of $29.42 and a 1 year high of $45.31. The company has a market cap of $108.77 billion, a PE ratio of 4.87, a PEG ratio of 1.74 and a beta of 0.94. The company’s 50-day moving average is $32.48 and its two-hundred day moving average is $33.93.

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

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.5%. Comcast’s dividend payout ratio is presently 21.82%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CMCSA. The Goldman Sachs Group lowered their target price on shares of Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Barclays lowered their target price on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Benchmark reaffirmed a “buy” rating on shares of Comcast in a report on Friday, July 18th. Bank of America lowered their target price on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Finally, Scotiabank reissued a “sector perform” rating and set a $45.50 price objective (up previously from $45.00) on shares of Comcast in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $39.94.

Comcast Company 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.