Comcast Co. (NASDAQ:CMCSA) Shares Sold by CreativeOne Wealth LLC

CreativeOne Wealth LLC decreased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 26.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,048 shares of the cable giant’s stock after selling 4,305 shares during the quarter. CreativeOne Wealth LLC’s holdings in Comcast were worth $528,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CMCSA. NewSquare Capital LLC boosted its holdings in Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after buying an additional 302 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in Comcast during the fourth quarter worth $34,000. Lipe & Dalton purchased a new stake in Comcast during the fourth quarter worth $37,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in Comcast during the fourth quarter worth $40,000. Finally, Valued Wealth Advisors LLC purchased a new stake in Comcast during the fourth quarter worth $44,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 0.3 %

CMCSA stock opened at $38.78 on Thursday. The company has a fifty day moving average price of $40.37 and a 200 day moving average price of $42.09. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46. The company has a market cap of $152.16 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 0.98 and a beta of 0.99. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. Comcast’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts expect that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be paid a $0.31 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a yield of 3.20%. Comcast’s dividend payout ratio is currently 32.80%.

Wall Street Analyst Weigh In

CMCSA has been the topic of several recent analyst reports. BNP Paribas reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Tuesday, April 9th. Citigroup decreased their price target on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Scotiabank decreased their price target on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research note on Friday, April 26th. Macquarie decreased their price target on shares of Comcast from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.33.

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.