Prospera Financial Services Inc Sells 42,412 Shares of Comcast Corporation $CMCSA

Prospera Financial Services Inc lowered its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 18.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 186,057 shares of the cable giant’s stock after selling 42,412 shares during the period. Prospera Financial Services Inc’s holdings in Comcast were worth $5,561,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Imprint Wealth LLC bought a new position in Comcast during the third quarter worth about $26,000. United Financial Planning Group LLC bought a new position in Comcast during the third quarter worth about $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Comcast during the fourth quarter worth about $27,000. Olistico Wealth LLC bought a new position in Comcast during the fourth quarter worth about $29,000. Finally, Richardson Financial Services Inc. grew its holdings in Comcast by 212.6% during the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after purchasing an additional 691 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.0%

Shares of NASDAQ:CMCSA opened at $25.20 on Monday. Comcast Corporation has a 12-month low of $24.53 and a 12-month high of $36.66. The stock has a market cap of $90.02 billion, a PE ratio of 4.96, a P/E/G ratio of 2.03 and a beta of 0.71. The business has a 50 day moving average of $27.73 and a 200-day moving average of $28.63. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities research analysts forecast that Comcast Corporation will post 3.58 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Wednesday, July 1st. Comcast’s payout ratio is presently 25.98%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of research analyst reports. New Street Research reduced their price objective on Comcast from $36.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft cut Comcast from a “buy” rating to a “hold” rating and set a $34.00 price objective for the company. in a report on Friday, April 24th. The Goldman Sachs Group restated a “neutral” rating and set a $29.00 price objective on shares of Comcast in a report on Thursday, April 23rd. UBS Group reduced their price objective on Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Finally, Pivotal Research cut Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Nine research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $34.79.

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.