Triangle Securities Wealth Management Sells 578 Shares of Comcast Co. (NASDAQ:CMCSA)

Triangle Securities Wealth Management lowered its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 36,216 shares of the cable giant’s stock after selling 578 shares during the period. Triangle Securities Wealth Management’s holdings in Comcast were worth $2,026,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Paloma Partners Management Co purchased a new stake in shares of Comcast in the 1st quarter worth about $917,000. Gladstone Institutional Advisory LLC lifted its position in shares of Comcast by 80.2% in the 1st quarter. Gladstone Institutional Advisory LLC now owns 14,541 shares of the cable giant’s stock worth $787,000 after purchasing an additional 6,471 shares during the period. Axiom Investment Management LLC purchased a new stake in shares of Comcast in the 1st quarter worth about $37,000. Colony Group LLC lifted its position in shares of Comcast by 4.7% in the 1st quarter. Colony Group LLC now owns 82,459 shares of the cable giant’s stock worth $4,462,000 after purchasing an additional 3,691 shares during the period. Finally, Tectonic Advisors LLC lifted its position in shares of Comcast by 8.5% in the 1st quarter. Tectonic Advisors LLC now owns 5,991 shares of the cable giant’s stock worth $324,000 after purchasing an additional 469 shares during the period. 82.48% of the stock is currently owned by institutional investors.

Shares of CMCSA stock opened at $51.88 on Thursday. The company has a 50 day moving average price of $54.21 and a 200-day moving average price of $56.61. Comcast Co. has a 52 week low of $48.15 and a 52 week high of $61.80. The firm has a market capitalization of $237.04 billion, a PE ratio of 16.74, a P/E/G ratio of 1.06 and a beta of 0.96. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.05.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 28th. The cable giant reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.12. The firm had revenue of $30.30 billion during the quarter, compared to analyst estimates of $29.87 billion. Comcast had a net margin of 12.73% and a return on equity of 14.88%. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.65 earnings per share. Analysts anticipate that Comcast Co. will post 3.15 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 26th. Investors of record on Wednesday, January 5th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, January 4th. This represents a $1.00 annualized dividend and a yield of 1.93%. Comcast’s dividend payout ratio (DPR) is 32.26%.

Several equities research analysts have recently commented on CMCSA shares. Barclays dropped their target price on shares of Comcast from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Monday, November 1st. Wells Fargo & Company lowered their price target on shares of Comcast from $49.00 to $46.00 and set an “underweight” rating for the company in a research report on Friday, October 8th. Truist Securities lifted their price target on shares of Comcast from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, July 30th. Morgan Stanley lifted their price target on shares of Comcast from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 30th. Finally, Pivotal Research lowered their price target on shares of Comcast from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Friday, October 29th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, Comcast has a consensus rating of “Buy” and a consensus price target of $65.87.

About Comcast

Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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