Hantz Financial Services Inc. Trims Holdings in Comcast Corporation $CMCSA

Hantz Financial Services Inc. trimmed its position in Comcast Corporation (NASDAQ:CMCSA) by 8.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 287,293 shares of the cable giant’s stock after selling 28,234 shares during the quarter. Hantz Financial Services Inc.’s holdings in Comcast were worth $8,587,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Imprint Wealth LLC acquired a new stake in shares of Comcast during the 3rd quarter worth approximately $26,000. United Financial Planning Group LLC acquired a new stake in shares of Comcast during the 3rd quarter worth approximately $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Comcast during the 4th quarter worth approximately $27,000. Olistico Wealth LLC acquired a new stake in shares of Comcast during the 4th quarter worth approximately $29,000. Finally, Richardson Financial Services Inc. grew its stake in shares of Comcast by 212.6% during the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after purchasing an additional 691 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Down 0.0%

Comcast stock opened at $25.20 on Monday. The stock has a market capitalization of $90.02 billion, a PE ratio of 4.96, a price-to-earnings-growth ratio of 2.03 and a beta of 0.71. Comcast Corporation has a 12 month low of $24.53 and a 12 month high of $36.66. The business has a 50 day simple moving average of $27.73 and a 200-day simple moving average of $28.63. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. The business had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The business’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 earnings per share. On average, analysts anticipate that Comcast Corporation will post 3.58 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be given a $0.33 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.2%. Comcast’s payout ratio is 25.98%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CMCSA shares. Rosenblatt Securities reaffirmed a “neutral” rating and set a $30.00 price objective on shares of Comcast in a research note on Friday, January 30th. Morgan Stanley raised their price objective on shares of Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. BNP Paribas Exane dropped their price objective on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft cut shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 price objective on the stock. in a research note on Friday, April 24th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. Nine analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $34.79.

Comcast Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.