Comcast Corporation $CMCSA Shares Sold by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC reduced its stake in Comcast Corporation (NASDAQ:CMCSA) by 69.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,623 shares of the cable giant’s stock after selling 48,941 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in Comcast were worth $679,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Capital A Wealth Management LLC raised its stake in shares of Comcast by 173.7% in the second 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 last quarter. Avalon Trust Co raised its position in Comcast by 433.3% during the 2nd 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 last quarter. Howard Hughes Medical Institute acquired a new stake in Comcast during the 2nd quarter valued at approximately $29,000. Princeton Global Asset Management LLC boosted its holdings in shares of 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 last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Comcast in the second quarter worth $31,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.2%

CMCSA stock opened at $31.60 on Thursday. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $37.97. The company has a market cap of $113.69 billion, a price-to-earnings ratio of 5.88, a PEG ratio of 2.46 and a beta of 0.81. 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 50-day moving average of $29.55 and a two-hundred day moving average of $30.07.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The company had revenue of $32.31 billion for the quarter, compared to analyst estimates of $32.35 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.2%. Comcast’s payout ratio is 24.58%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CMCSA shares. KeyCorp cut Comcast from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 30th. Royal Bank Of Canada decreased their price target on Comcast from $32.00 to $31.00 and set a “sector perform” rating for the company in a report on Friday, January 16th. Bank of America raised shares of Comcast from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $31.00 to $37.00 in a research note on Monday, January 12th. Benchmark decreased 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, January 5th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Ten research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $34.90.

Insiders Place Their Bets

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the sale, the chief executive officer owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This represents a 8.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.32% of the stock is owned by insiders.

Comcast 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.