Wealth Alliance LLC Sells 1,886 Shares of Comcast Corporation $CMCSA

Wealth Alliance LLC lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 6.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,120 shares of the cable giant’s stock after selling 1,886 shares during the quarter. Wealth Alliance LLC’s holdings in Comcast were worth $1,039,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cranbrook Wealth Management LLC increased its stake in shares of Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 350 shares during the last quarter. Global Trust Asset Management LLC grew its holdings in Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 671 shares during the period. Ransom Advisory Ltd acquired a new stake in Comcast in the first quarter worth $29,000. Princeton Global Asset Management LLC grew its holdings in shares of Comcast by 403.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after buying an additional 686 shares during the period. Finally, Legend Financial Advisors Inc. bought a new stake in shares of Comcast in the 2nd quarter valued at $33,000. 84.32% of the stock is owned by institutional investors.

Comcast Stock Up 1.2%

Shares of Comcast stock traded up $0.32 during trading on Thursday, reaching $28.21. 2,160,557 shares of the company traded hands, compared to its average volume of 25,125,512. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $102.80 billion, a PE ratio of 4.69, a P/E/G ratio of 1.78 and a beta of 0.92. The company has a 50 day moving average price of $30.37 and a 200-day moving average price of $32.96. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $44.06.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The company had revenue of $30.34 billion for the quarter. As a group, equities research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is currently 21.96%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several recent analyst reports. Morgan Stanley reduced their target price on Comcast from $35.00 to $32.00 and set an “equal weight” rating on the stock in a report on Friday, October 31st. Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 31st. Oppenheimer set a $38.00 target price on Comcast in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a report on Tuesday, October 14th. Finally, Benchmark reduced their price objective on shares of Comcast from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Comcast presently has an average rating of “Hold” and a consensus price target of $36.12.

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.