Comcast Corporation $CMCSA Shares Acquired by Vermillion & White Wealth Management Group LLC

Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 543.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,659 shares of the cable giant’s stock after acquiring an additional 9,003 shares during the period. Vermillion & White Wealth Management Group LLC’s holdings in Comcast were worth $380,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CMCSA. Cranbrook Wealth Management LLC grew its holdings in shares of 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 last quarter. Global Trust Asset Management LLC raised its stake in shares of Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares during the last quarter. Avalon Trust Co raised its stake in shares of Comcast by 433.3% during the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after purchasing an additional 624 shares during the last quarter. Ransom Advisory Ltd acquired a new stake in shares of Comcast during the first quarter worth $29,000. Finally, Princeton Global Asset Management LLC grew its position in 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 last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CMCSA. Loop Capital reduced their target price on shares of Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Scotiabank cut their price target on shares of Comcast from $45.50 to $41.50 and set a “sector perform” rating for the company in a report on Friday, October 31st. Barclays dropped their target price on Comcast from $34.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Monday, November 3rd. KeyCorp cut Comcast from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 30th. Finally, Cowen restated a “buy” rating on shares of Comcast in a research note on Friday, October 31st. Eleven equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $35.92.

Comcast Stock Performance

Shares of CMCSA stock opened at $26.57 on Thursday. The stock has a fifty day moving average price of $29.13 and a 200 day moving average price of $32.46. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $96.82 billion, a PE ratio of 4.42, a P/E/G ratio of 1.83 and a beta of 0.92. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $43.45.

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 company had revenue of $30.34 billion for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. Sell-side analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a yield of 5.0%. Comcast’s payout ratio is presently 21.96%.

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.