Comcast Corporation $CMCSA Shares Purchased by Pines Wealth Management LLC

Pines Wealth Management LLC grew its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 14.7% in the second quarter, Holdings Channel reports. The institutional investor owned 12,721 shares of the cable giant’s stock after purchasing an additional 1,629 shares during the period. Pines Wealth Management LLC’s holdings in Comcast were worth $458,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CMCSA. Inlight Wealth Management LLC acquired a new position in Comcast in the first quarter valued at approximately $26,000. Abound Financial LLC purchased a new stake in shares of Comcast during the 1st quarter worth approximately $29,000. Ransom Advisory Ltd acquired a new position in shares of Comcast in the 1st quarter valued at $29,000. Retirement Wealth Solutions LLC grew its position in shares of Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock valued at $30,000 after buying an additional 448 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Comcast during the 4th quarter worth $33,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on CMCSA shares. Moffett Nathanson upped their price objective on shares of Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, June 12th. Citigroup restated a “buy” rating on shares of Comcast in a research report on Tuesday, August 26th. Barclays decreased their price target on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Benchmark reaffirmed a “buy” rating on shares of Comcast in a report on Friday, July 18th. Finally, Scotiabank increased their target price on shares of Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $40.56.

Comcast Stock Performance

NASDAQ CMCSA opened at $32.29 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a fifty-two week low of $31.03 and a fifty-two week high of $45.31. The business has a fifty day moving average of $33.66 and a 200-day moving average of $34.55. The stock has a market cap of $119.22 billion, a price-to-earnings ratio of 5.34, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The firm had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. During the same quarter in the previous year, the company posted $1.21 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is presently 21.82%.

Comcast 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.