Comcast Corporation $CMCSA Shares Sold by Obermeyer Wealth Partners

Obermeyer Wealth Partners cut its stake in Comcast Corporation (NASDAQ:CMCSA) by 2.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 476,469 shares of the cable giant’s stock after selling 13,790 shares during the quarter. Obermeyer Wealth Partners’ holdings in Comcast were worth $17,005,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Access Investment Management LLC acquired a new stake in shares of Comcast in the 2nd quarter worth $4,890,000. Astra Wealth Partners LLC purchased a new position in shares of Comcast during the 2nd quarter worth $868,000. Machina Capital S.A.S. grew its holdings in shares of Comcast by 165.0% during the 2nd quarter. Machina Capital S.A.S. now owns 170,748 shares of the cable giant’s stock worth $6,094,000 after purchasing an additional 106,324 shares during the period. Texas Bank & Trust Co grew its holdings in shares of Comcast by 11.6% during the 2nd quarter. Texas Bank & Trust Co now owns 30,649 shares of the cable giant’s stock worth $1,094,000 after purchasing an additional 3,185 shares during the period. Finally, MMA Asset Management LLC grew its holdings in shares of Comcast by 4.9% during the 2nd quarter. MMA Asset Management LLC now owns 12,837 shares of the cable giant’s stock worth $458,000 after purchasing an additional 601 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Up 1.9%

CMCSA opened at $27.83 on Monday. The firm has a market cap of $102.75 billion, a price-to-earnings ratio of 4.63, a price-to-earnings-growth ratio of 1.89 and a beta of 0.94. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The business’s 50 day moving average is $31.40 and its two-hundred day moving average is $33.32. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA) last released its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The business had revenue of $30.34 billion for the quarter. On average, research analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be paid a $0.33 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.7%. Comcast’s payout ratio is 21.96%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lowered their target price on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Friday. Citigroup reduced their price target on Comcast from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday. Williams Trading set a $40.00 price target on Comcast in a research report on Friday. UBS Group set a $34.00 price target on Comcast in a research report on Friday. Finally, Morgan Stanley decreased their target price on Comcast from $35.00 to $32.00 and set an “equal weight” rating for the company in a research note on Friday. Eleven investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.74.

Comcast Company 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.