True Wealth Design LLC Increases Holdings in Comcast Corporation $CMCSA

True Wealth Design LLC raised its stake in Comcast Corporation (NASDAQ:CMCSA) by 275.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,090 shares of the cable giant’s stock after purchasing an additional 2,268 shares during the quarter. True Wealth Design LLC’s holdings in Comcast were worth $110,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CMCSA. Global Trust Asset Management LLC grew its position in Comcast by 906.8% in the second 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 in the last quarter. Cranbrook Wealth Management LLC boosted its stake in shares of Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 350 shares during the period. Ransom Advisory Ltd acquired a new stake in Comcast during the 1st quarter valued at $29,000. Princeton Global Asset Management LLC increased its stake in Comcast by 403.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after buying an additional 686 shares during the period. Finally, GFG Capital LLC acquired a new position in Comcast in the 2nd quarter worth $33,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Sanford C. Bernstein lowered their target price on Comcast from $36.00 to $34.00 and set a “market perform” rating for the company in a research note on Friday, October 31st. Evercore ISI reduced their price target on Comcast from $40.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft dropped their price objective on Comcast from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Rosenblatt Securities reduced their target price on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, October 17th. Finally, KeyCorp lowered shares of Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 30th. Ten research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $36.29.

Comcast Stock Up 0.1%

CMCSA stock opened at $27.35 on Friday. The firm has a market cap of $100.98 billion, a price-to-earnings ratio of 4.55, a PEG ratio of 1.77 and a beta of 0.92. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $44.63. The firm has a fifty day moving average price of $30.76 and a two-hundred day moving average price of $33.10. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

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%. Research analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio is presently 21.96%.

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.