Centennial Wealth Advisory LLC Increases Stock Holdings in Comcast Corporation $CMCSA

Centennial Wealth Advisory LLC increased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 317.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 42,156 shares of the cable giant’s stock after purchasing an additional 32,069 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in Comcast were worth $1,035,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CMCSA. Southland Equity Partners LLC lifted its position in Comcast by 10.4% in the second quarter. Southland Equity Partners LLC now owns 8,205 shares of the cable giant’s stock worth $201,000 after buying an additional 775 shares during the last quarter. SteelPeak Wealth LLC bought a new position in Comcast during the second quarter valued at $259,000. Godsey & Gibb Inc. increased its position in Comcast by 1.7% during the second quarter. Godsey & Gibb Inc. now owns 576,786 shares of the cable giant’s stock valued at $14,160,000 after acquiring an additional 9,565 shares during the last quarter. Butensky & Cohen Financial Security Inc. increased its position in Comcast by 9.4% during the second quarter. Butensky & Cohen Financial Security Inc. now owns 103,239 shares of the cable giant’s stock valued at $2,535,000 after acquiring an additional 8,869 shares during the last quarter. Finally, Tema ETFs LLC raised its stake in shares of Comcast by 10.7% in the second quarter. Tema ETFs LLC now owns 69,112 shares of the cable giant’s stock valued at $1,697,000 after acquiring an additional 6,670 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ CMCSA opened at $25.47 on Thursday. The firm’s 50 day moving average price is $23.74 and its 200-day moving average price is $26.92. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $90.38 billion, a PE ratio of 8.24, a P/E/G ratio of 1.46 and a beta of 0.67. Comcast Corporation has a 52-week low of $21.28 and a 52-week high of $34.45.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The business had revenue of $29.94 billion for the quarter, compared to analysts’ expectations of $29.24 billion. During the same quarter last year, the firm earned $1.25 EPS. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. Sell-side analysts forecast that Comcast Corporation will post 3.52 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Wednesday, October 7th. Comcast’s dividend payout ratio is 42.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CMCSA shares. Wells Fargo & Company set a $23.00 target price on shares of Comcast and gave the stock an “underweight” rating in a report on Friday, July 24th. Weiss Ratings downgraded shares of Comcast from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Freedom Capital raised shares of Comcast to a “hold” rating in a research report on Friday, June 12th. Morgan Stanley set a $29.00 price objective on shares of Comcast in a research note on Friday, July 24th. Finally, Scotiabank set a $29.00 target price on Comcast in a research report on Friday, July 24th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.96.

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.