Darwin Wealth Management LLC Has $1.45 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Darwin Wealth Management LLC trimmed its stake in Comcast Co. (NASDAQ:CMCSA) by 3.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,932 shares of the cable giant’s stock after selling 1,216 shares during the quarter. Darwin Wealth Management LLC’s holdings in Comcast were worth $1,446,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Gilbert & Cook Inc. lifted its stake in shares of Comcast by 10.3% in the fourth quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock valued at $685,000 after buying an additional 1,459 shares in the last quarter. Gryphon Financial Partners LLC lifted its stake in shares of Comcast by 71.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 50,539 shares of the cable giant’s stock valued at $2,451,000 after buying an additional 21,112 shares in the last quarter. Jump Financial LLC bought a new position in shares of Comcast during the fourth quarter valued at about $800,000. Foundations Investment Advisors LLC lifted its position in shares of Comcast by 54.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 38,592 shares of the cable giant’s stock valued at $1,803,000 after purchasing an additional 13,663 shares in the last quarter. Finally, Meridian Wealth Management LLC lifted its position in shares of Comcast by 4.3% during the fourth quarter. Meridian Wealth Management LLC now owns 13,317 shares of the cable giant’s stock valued at $584,000 after purchasing an additional 547 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

CMCSA stock opened at $39.31 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The stock has a market cap of $152.23 billion, a PE ratio of 10.40, a P/E/G ratio of 1.03 and a beta of 1.01. The firm has a 50 day simple moving average of $39.33 and a two-hundred day simple moving average of $39.77.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.13 EPS. On average, analysts predict that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued a $0.31 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.15%. Comcast’s payout ratio is 32.80%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target on the stock. in a research report on Tuesday, June 11th. KeyCorp dropped their price target on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Macquarie reaffirmed a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Finally, The Goldman Sachs Group initiated coverage on shares of Comcast in a research report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Comcast presently has an average rating of “Hold” and an average price target of $45.78.

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.