Moran Wealth Management LLC Grows Position in Comcast Corporation $CMCSA

Moran Wealth Management LLC raised its holdings in Comcast Corporation (NASDAQ:CMCSA) by 17.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 198,340 shares of the cable giant’s stock after acquiring an additional 29,745 shares during the period. Moran Wealth Management LLC’s holdings in Comcast were worth $5,694,000 at the end of the most recent quarter.

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

More Comcast News

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Some analysts and market commentators argue Comcast’s planned split could unlock value by separating its media assets from its core cable and broadband businesses, potentially making each company easier to value and more attractive to buyers or partners. Comcast is planning to split. How to play CMCSA stock here.
• Positive Sentiment: Coverage also notes Comcast has a history of beating earnings expectations, and some investors are still looking for another quarterly beat that could support the stock if upcoming results are solid. Will Comcast (CMCSA) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Wall Street and media commentary suggest NBCUniversal, Peacock, and Sky could become more flexible as standalone assets after the separation, including possibly using intellectual property in new businesses such as gaming. NBCUniversal may use its IP for video games after the split from Comcast
• Neutral Sentiment: Recent articles also highlight Comcast’s strategic separation plan and the role of dealmaker Roger Altman in shaping the next phase, but these pieces are more about the long-term corporate story than immediate fundamental improvement. Wall Street dealmaker Roger Altman delivers candid Comcast verdict
• Negative Sentiment: Wells Fargo downgraded Comcast to Sell, and Goldman Sachs cut its price target to $26 from $29 while keeping a neutral stance, reinforcing concerns that near-term upside may be limited. Comcast (CMCSA) Gets a Sell from Wells Fargo
• Negative Sentiment: Other coverage says the spin-off may not solve Comcast’s core problems, pointing to broadband competition, margin pressure, and limited growth catalysts as reasons investors remain cautious. Why the Comcast Spin-Off Won’t Fix What’s Actually Broken

Comcast Price Performance

Comcast stock opened at $23.79 on Friday. Comcast Corporation has a twelve month low of $22.13 and a twelve month high of $36.40. The stock’s fifty day simple moving average is $24.75 and its 200-day simple moving average is $27.92. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $84.98 billion, a P/E ratio of 4.68, a P/E/G ratio of 1.95 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. During the same period last year, the business posted $1.09 earnings per share. Comcast’s revenue was up 5.3% compared to the same quarter last year. As a group, equities analysts expect that Comcast Corporation will post 3.5 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed 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. This represents a $1.32 annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is presently 25.98%.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of analyst reports. The Goldman Sachs Group reduced their target price on shares of Comcast from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday. BNP Paribas Exane cut their price target on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a report on Wednesday, April 8th. Morgan Stanley lifted their price target on shares of Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Evercore upped their price objective on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, New Street Research lowered their price objective on Comcast from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, June 25th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $34.40.

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.