Maia Wealth LLC Sells 2,043 Shares of Comcast Corporation $CMCSA

Maia Wealth LLC lessened its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 18.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,124 shares of the cable giant’s stock after selling 2,043 shares during the period. Maia Wealth LLC’s holdings in Comcast were worth $326,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMCSA. Cranbrook Wealth Management LLC increased its position in Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after buying an additional 350 shares during the period. Global Trust Asset Management LLC raised its stake in Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after acquiring an additional 671 shares in the last quarter. Avalon Trust Co boosted its position in Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after buying an additional 624 shares in the last quarter. Ransom Advisory Ltd bought a new stake in Comcast during the 1st quarter worth $29,000. Finally, Princeton Global Asset Management LLC raised its holdings in Comcast by 403.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after buying an additional 686 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 0.4%

Shares of NASDAQ CMCSA opened at $26.57 on Thursday. The firm has a market capitalization of $96.82 billion, a PE ratio of 4.42, a price-to-earnings-growth ratio of 1.83 and a beta of 0.92. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The firm has a fifty day simple moving average of $29.13 and a two-hundred day simple moving average of $32.46. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $43.45.

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

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be given a $0.33 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a yield of 5.0%. Comcast’s dividend payout ratio is presently 21.96%.

Analysts Set New Price Targets

Several analysts recently commented on the company. BNP Paribas Exane upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a report on Tuesday, November 4th. Zacks Research lowered Comcast from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Sanford C. Bernstein reduced their price objective on shares of Comcast from $36.00 to $34.00 and set a “market perform” rating for the company in a report on Friday, October 31st. JPMorgan Chase & Co. lowered their price target on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Finally, TD Cowen dropped their target price on shares of Comcast from $46.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Eleven equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and an average price target of $35.92.

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.