Comcast Corporation $CMCSA Shares Purchased by Wealth Science Advisors LLC

Wealth Science Advisors LLC boosted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 7,108.0% during the second quarter, HoldingsChannel.com reports. The fund owned 21,624 shares of the cable giant’s stock after acquiring an additional 21,324 shares during the period. Wealth Science Advisors LLC’s holdings in Comcast were worth $531,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Comcast by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after purchasing an additional 2,160,829 shares during the last quarter. North Dakota State Investment Board bought a new position in Comcast in the 4th quarter worth about $3,754,000. Inceptionr LLC bought a new position in Comcast in the 1st quarter worth about $660,000. Bank of America Corp DE increased its stake in shares of Comcast by 10.2% in the first quarter. Bank of America Corp DE now owns 40,864,921 shares of the cable giant’s stock valued at $1,173,232,000 after purchasing an additional 3,783,234 shares during the period. Finally, Vest Financial LLC increased its stake in shares of Comcast by 72.1% in the fourth quarter. Vest Financial LLC now owns 232,883 shares of the cable giant’s stock valued at $6,961,000 after purchasing an additional 97,601 shares during the period. 84.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

CMCSA has been the subject of a number of analyst reports. Wells Fargo & Company set a $23.00 price target on Comcast and gave the stock an “underweight” rating in a research report on Friday, July 24th. Moffett Nathanson cut their price objective on shares of Comcast from $53.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, June 16th. Morgan Stanley set a $29.00 price objective on shares of Comcast in a report on Friday, July 24th. The Goldman Sachs Group decreased their target price on shares of Comcast from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, July 2nd. Finally, Barclays set a $26.00 target price on shares of Comcast and gave the company an “equal weight” rating in a research note on Friday, July 24th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Comcast currently has an average rating of “Hold” and an average price target of $32.96.

Comcast Price Performance

NASDAQ CMCSA opened at $25.36 on Monday. 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 company’s 50 day simple moving average is $23.69 and its 200 day simple moving average is $26.99. Comcast Corporation has a 12 month low of $21.28 and a 12 month high of $34.45. The company has a market capitalization of $89.99 billion, a P/E ratio of 8.21, a PEG ratio of 1.44 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last issued 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. The firm had revenue of $29.94 billion during 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 period last year, the firm posted $1.25 earnings per share. Equities research analysts expect that Comcast Corporation will post 3.52 earnings per share for the current fiscal 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 paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $1.32 annualized dividend and a dividend yield of 5.2%. Comcast’s dividend payout ratio (DPR) is currently 42.72%.

Comcast Profile

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.