VCI Wealth Management LLC Increases Stake in Comcast Corporation $CMCSA

VCI Wealth Management LLC boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 13.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 29,901 shares of the cable giant’s stock after purchasing an additional 3,632 shares during the period. VCI Wealth Management LLC’s holdings in Comcast were worth $1,067,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CMCSA. Inlight Wealth Management LLC purchased a new stake in shares of Comcast during the 1st quarter valued at about $26,000. Cranbrook Wealth Management LLC boosted its holdings in shares of Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 350 shares during the last quarter. Global Trust Asset Management LLC boosted its holdings in shares of Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 671 shares during the last quarter. Abound Financial LLC purchased a new stake in shares of Comcast during the 1st quarter valued at about $29,000. Finally, Ransom Advisory Ltd purchased a new stake in shares of Comcast during the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent analyst reports. Rosenblatt Securities dropped their price target on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday. KeyCorp lowered their price objective on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, October 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. Royal Bank Of Canada initiated coverage on shares of Comcast in a research note on Monday, September 8th. They issued a “sector perform” rating and a $38.00 price objective on the stock. Finally, Barclays lowered their price objective on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Comcast currently has an average rating of “Hold” and an average target price of $39.76.

Comcast Trading Up 0.1%

Comcast stock opened at $29.57 on Tuesday. The firm has a 50 day moving average of $32.19 and a 200 day moving average of $33.63. The firm has a market capitalization of $109.18 billion, a price-to-earnings ratio of 4.89, a P/E/G ratio of 1.75 and a beta of 0.94. Comcast Corporation has a 12-month low of $29.15 and a 12-month high of $45.31. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA) last released its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The company had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. As a group, research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s dividend payout ratio is currently 21.82%.

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.