Optas LLC Acquires 1,253 Shares of Comcast Corporation $CMCSA

Optas LLC lifted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 10.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 13,128 shares of the cable giant’s stock after acquiring an additional 1,253 shares during the period. Optas LLC’s holdings in Comcast were worth $469,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Inlight Wealth Management LLC bought a new position in Comcast during the 1st quarter valued at about $26,000. Global Trust Asset Management LLC lifted its holdings in Comcast by 906.8% during 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. Cranbrook Wealth Management LLC lifted its holdings in Comcast by 86.0% during 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. Ransom Advisory Ltd bought a new position in Comcast during the 1st quarter valued at about $29,000. Finally, Abound Financial LLC bought a new position in Comcast during the 1st quarter valued at about $29,000. 84.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday. Bank of America dropped their target price on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Benchmark reaffirmed a “buy” rating on shares of Comcast in a research note on Friday, July 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Comcast in a research note on Saturday, September 27th. Finally, Barclays dropped their target price 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. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $39.94.

Comcast Stock Down 2.2%

Shares of NASDAQ:CMCSA opened at $30.08 on Friday. Comcast Corporation has a one year low of $30.06 and a one year high of $45.31. The company has a 50 day moving average of $32.54 and a 200-day moving average of $34.00. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $111.06 billion, a price-to-earnings ratio of 4.97, a P/E/G ratio of 1.83 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results 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 during the quarter. On average, sell-side analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.4%. Comcast’s payout ratio is currently 21.82%.

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.