589,366 Comcast Corporation $CMCSA Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC lessened its position in Comcast Corporation (NASDAQ:CMCSA) by 96.0% in the third quarter, Holdings Channel.com reports. The firm owned 24,358 shares of the cable giant’s stock after selling 589,366 shares during the quarter. Curated Wealth Partners LLC’s holdings in Comcast were worth $530,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. WealthPlan Investment Management LLC raised its position in Comcast by 15.9% during the 3rd quarter. WealthPlan Investment Management LLC now owns 11,623 shares of the cable giant’s stock worth $253,000 after purchasing an additional 1,593 shares during the last quarter. Nvwm LLC increased its position in Comcast by 339.5% during the 3rd quarter. Nvwm LLC now owns 2,571 shares of the cable giant’s stock valued at $56,000 after purchasing an additional 1,986 shares during the period. Mather Group LLC. increased its position in Comcast by 56.5% during the 3rd quarter. Mather Group LLC. now owns 20,223 shares of the cable giant’s stock valued at $484,000 after purchasing an additional 7,299 shares during the period. Fortitude Family Office LLC raised its holdings in Comcast by 568.0% during the 3rd quarter. Fortitude Family Office LLC now owns 3,300 shares of the cable giant’s stock worth $77,000 after purchasing an additional 2,806 shares during the last quarter. Finally, Newton One Investments LLC raised its holdings in Comcast by 199.4% during the 3rd quarter. Newton One Investments LLC now owns 2,015 shares of the cable giant’s stock worth $44,000 after purchasing an additional 1,342 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CMCSA. Morgan Stanley lowered their target price on shares of Comcast from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, September 25th. Rosenblatt Securities reaffirmed a “buy” rating and set a $31.00 price target on shares of Comcast in a research report on Friday, July 24th. Raymond James Financial reiterated a “market perform” rating on shares of Comcast in a report on Friday, October 2nd. Wells Fargo & Company set a $23.00 price target on Comcast and gave the stock an “underweight” rating in a report on Friday, July 24th. Finally, Barclays set a $24.00 target price on Comcast and gave the company an “equal weight” rating in a research report on Tuesday, September 29th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, Comcast currently has a consensus rating of “Hold” and a consensus price target of $30.81.

Comcast Trading Up 0.6%

NASDAQ:CMCSA opened at $21.90 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a 50-day moving average of $24.14 and a 200-day moving average of $24.84. The company has a market cap of $77.72 billion, a PE ratio of 7.09, a PEG ratio of 1.56 and a beta of 0.68. Comcast Corporation has a one year low of $20.48 and a one year high of $32.85.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. The business had revenue of $29.94 billion for the quarter, compared to analysts’ expectations of $29.24 billion. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.25 EPS. As a group, equities research analysts expect that Comcast Corporation will post 3.49 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Wednesday, October 7th. Comcast’s dividend payout ratio (DPR) is currently 42.72%.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a global media and communications company headquartered in Philadelphia, Pennsylvania. Its businesses include broadband internet, wireless services, video, voice, and business connectivity services, primarily marketed under the Xfinity brand in the United States. Comcast also provides advertising and related technology services to businesses and media organizations.

Through NBCUniversal, Comcast operates national and local television networks, broadcast network NBC, Spanish-language network Telemundo, the Peacock streaming service, and a portfolio of film and television production businesses.