Comcast Corporation $CMCSA Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC trimmed its position in Comcast Corporation (NASDAQ:CMCSA) by 8.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,785 shares of the cable giant’s stock after selling 10,001 shares during the quarter. Apollon Wealth Management LLC’s holdings in Comcast were worth $3,740,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CMCSA. Inlight Wealth Management LLC acquired a new position in Comcast in the 1st quarter valued at about $26,000. Cranbrook Wealth Management LLC boosted its holdings in Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 350 shares during the last quarter. Global Trust Asset Management LLC boosted its holdings in Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 671 shares during the last quarter. Abound Financial LLC acquired a new position in Comcast in the 1st quarter valued at about $29,000. Finally, Ransom Advisory Ltd purchased a new stake in shares of Comcast in the 1st quarter valued at approximately $29,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of CMCSA opened at $29.46 on Friday. Comcast Corporation has a fifty-two week low of $29.42 and a fifty-two week high of $45.31. The firm’s 50 day moving average price is $32.48 and its 200 day moving average price is $33.93. The company has a market cap of $108.77 billion, a P/E ratio of 4.87, a PEG ratio of 1.74 and a beta of 0.94. 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 (NASDAQ:CMCSA) last announced its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The company had revenue of $30.34 billion for the quarter. On average, research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. Comcast’s dividend payout ratio is currently 21.82%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CMCSA. Sanford C. Bernstein reduced their price target on shares of Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 10th. Morgan Stanley set a $35.00 price target on shares of Comcast and gave the company an “equal weight” rating in a research note on Tuesday. Citigroup reissued a “buy” rating on shares of Comcast in a research note on Tuesday, August 26th. Benchmark reissued a “buy” rating on shares of Comcast in a research note on Friday, July 18th. Finally, Bank of America reduced their price target on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Comcast currently has an average rating of “Hold” and an average price target of $39.94.

About Comcast

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.