Koshinski Asset Management Inc. Has $2 Million Stock Holdings in Comcast Corporation $CMCSA

Koshinski Asset Management Inc. increased its position in Comcast Corporation (NASDAQ:CMCSA) by 2.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,000 shares of the cable giant’s stock after buying an additional 1,561 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Comcast were worth $1,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Inlight Wealth Management LLC bought a new position in shares of Comcast during the first quarter valued at $26,000. Cranbrook Wealth Management LLC increased its holdings in Comcast by 86.0% in the second 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 period. Global Trust Asset Management LLC raised its position in Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares during the last quarter. Abound Financial LLC bought a new position in Comcast during the 1st quarter worth $29,000. Finally, Ransom Advisory Ltd acquired a new position in Comcast during the 1st quarter worth about $29,000. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CMCSA. Rosenblatt Securities lowered their price objective on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday. Loop Capital decreased their target price on shares of Comcast from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, October 1st. Sanford C. Bernstein dropped 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 report on Wednesday, September 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research report on Tuesday, October 14th. Finally, KeyCorp lowered their target price on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.76.

Comcast Stock Up 1.0%

Comcast stock opened at $29.54 on Friday. The company has a market capitalization of $109.07 billion, a PE ratio of 4.88, a PEG ratio of 1.75 and a beta of 0.94. Comcast Corporation has a 12-month low of $29.15 and a 12-month high of $45.31. The firm’s fifty day moving average is $32.23 and its 200 day moving average is $33.68. 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 posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The firm had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. As a group, sell-side analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

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 paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is 21.82%.

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.