Estate Counselors LLC Has $1.84 Million Stock Holdings in Comcast Corporation $CMCSA

Estate Counselors LLC decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 28.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 64,200 shares of the cable giant’s stock after selling 25,300 shares during the period. Estate Counselors LLC’s holdings in Comcast were worth $1,843,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after buying an additional 99,986 shares during the last quarter. Voya Financial Advisors Inc. boosted its stake in shares of Comcast by 3.2% during the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after buying an additional 2,593 shares during the last quarter. United Bank grew its holdings in shares of Comcast by 11.3% in the 2nd quarter. United Bank now owns 42,216 shares of the cable giant’s stock valued at $1,507,000 after acquiring an additional 4,290 shares in the last quarter. HUB Investment Partners LLC grew its holdings in shares of Comcast by 119.4% in the 2nd quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock valued at $606,000 after acquiring an additional 9,236 shares in the last quarter. Finally, Diversify Advisory Services LLC increased its position in shares of Comcast by 66.8% in the second quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock valued at $1,414,000 after acquiring an additional 15,865 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Scotiabank set a $29.00 price target on Comcast in a research report on Friday. The Goldman Sachs Group lowered their price target on Comcast from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. New Street Research dropped their price objective on Comcast from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, June 25th. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $31.00 price target on shares of Comcast in a research report on Friday. Eleven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and an average price target of $32.96.

Comcast Stock Performance

CMCSA opened at $22.80 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. Comcast Corporation has a 12-month low of $21.28 and a 12-month high of $34.45. The business has a 50 day moving average of $23.77 and a 200-day moving average of $27.23. The stock has a market cap of $81.45 billion, a price-to-earnings ratio of 7.38, a PEG ratio of 1.84 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The business had revenue of $29.94 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same period in the previous year, the firm earned $1.25 EPS. The firm’s revenue was down 1.2% compared to the same quarter last year. On average, equities research analysts expect that Comcast Corporation will post 3.47 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $1.32 annualized dividend and a dividend yield of 5.8%. Comcast’s dividend payout ratio is presently 42.72%.

About Comcast

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.