J.W. Cole Advisors Inc. Has $2.72 Million Stock Holdings in Comcast Corporation $CMCSA

J.W. Cole Advisors Inc. decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 25.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,787 shares of the cable giant’s stock after selling 33,587 shares during the period. J.W. Cole Advisors Inc.’s holdings in Comcast were worth $2,719,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Imprint Wealth LLC acquired a new stake in Comcast during the third quarter valued at $26,000. United Financial Planning Group LLC bought a new position in shares of Comcast in the third quarter worth about $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Comcast in the fourth quarter worth about $27,000. Olistico Wealth LLC bought a new position in shares of Comcast in the fourth quarter worth about $29,000. Finally, Richardson Financial Services Inc. increased its stake in shares of Comcast by 212.6% in the fourth 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. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA opened at $23.82 on Monday. The business’s fifty day moving average price is $26.77 and its two-hundred day moving average price is $28.43. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $85.09 billion, a price-to-earnings ratio of 4.69, a PEG ratio of 1.94 and a beta of 0.68. Comcast Corporation has a 52 week low of $23.13 and a 52 week high of $36.66.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. The company had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.09 EPS. On average, analysts predict that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.5%. Comcast’s dividend payout ratio is 25.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Evercore lifted their price objective on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Royal Bank Of Canada boosted their price target on Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. KeyCorp reiterated a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. Citigroup boosted their target price on Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $29.00 target price on shares of Comcast in a report on Thursday, April 23rd. Nine equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Comcast presently has an average rating of “Hold” and a consensus target price of $34.56.

Comcast Company 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.