21,379 Shares in Comcast Corporation $CMCSA Acquired by MOKAN Wealth Management Inc.

MOKAN Wealth Management Inc. acquired a new stake in Comcast Corporation (NASDAQ:CMCSA) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 21,379 shares of the cable giant’s stock, valued at approximately $672,000.

Other large investors have also modified their holdings of the company. Capital A Wealth Management LLC boosted its stake in Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after purchasing an additional 436 shares during the period. Global Trust Asset Management LLC raised its holdings in shares of Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after buying an additional 671 shares during the last quarter. Avalon Trust Co boosted its stake in shares of Comcast by 433.3% during the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after buying an additional 624 shares during the period. Howard Hughes Medical Institute purchased a new position in shares of Comcast during the second quarter worth about $29,000. Finally, Princeton Global Asset Management LLC increased its position 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 acquiring an additional 686 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CMCSA. Barclays set a $28.00 target price on Comcast and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Sanford C. Bernstein lowered their price objective on shares of Comcast from $34.00 to $32.00 and set a “market perform” rating on the stock in a research report on Thursday, January 15th. Morgan Stanley dropped their price objective on shares of Comcast from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 10th. Evercore ISI reduced their target price on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Comcast from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Eleven analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $35.53.

Comcast Stock Performance

NASDAQ CMCSA opened at $29.23 on Friday. The business has a 50 day moving average price of $28.17 and a 200 day moving average price of $30.62. The company has a market capitalization of $106.51 billion, a P/E ratio of 4.86, a PEG ratio of 2.06 and a beta of 0.81. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $38.40. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 30th. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.02. The company had revenue of $31.20 billion for the quarter, compared to analyst estimates of $30.74 billion. Comcast had a return on equity of 18.06% and a net margin of 18.33%.Comcast’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.12 earnings per share. Sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio is 21.96%.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.