Astra Wealth Partners LLC Purchases Shares of 24,313 Comcast Corporation $CMCSA

Astra Wealth Partners LLC purchased a new stake in Comcast Corporation (NASDAQ:CMCSA) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 24,313 shares of the cable giant’s stock, valued at approximately $868,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC increased its position in Comcast by 906.8% in 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 period. Cranbrook Wealth Management LLC increased its position in Comcast by 86.0% in 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 period. Ransom Advisory Ltd acquired a new position in Comcast in the 1st quarter valued at approximately $29,000. Abound Financial LLC acquired a new position in Comcast in the 1st quarter valued at approximately $29,000. Finally, Princeton Global Asset Management LLC increased its position in 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 period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Up 1.9%

NASDAQ:CMCSA opened at $27.83 on Monday. 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 stock has a market capitalization of $102.75 billion, a price-to-earnings ratio of 4.63, a PEG ratio of 1.89 and a beta of 0.94. The firm has a fifty day simple moving average of $31.40 and a two-hundred day simple moving average of $33.32. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The business had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. Analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is presently 21.96%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several recent research reports. Bank of America decreased their price target on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. JPMorgan Chase & Co. dropped their target price on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday. Barclays dropped their target price on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Citigroup dropped their target price on shares of Comcast from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Friday. Finally, Benchmark dropped their target price on shares of Comcast from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Friday. Eleven research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $36.74.

About Comcast

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.