Drucker Wealth 3.0 LLC Trims Stock Holdings in Comcast Corporation $CMCSA

Drucker Wealth 3.0 LLC decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 39.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,564 shares of the cable giant’s stock after selling 46,419 shares during the period. Drucker Wealth 3.0 LLC’s holdings in Comcast were worth $2,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Foster Group Inc. raised its stake in Comcast by 4.0% in the 2nd quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock worth $265,000 after acquiring an additional 282 shares during the last quarter. Argyle Capital Management LLC raised its stake in Comcast by 0.5% in the 2nd quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock worth $2,184,000 after acquiring an additional 300 shares during the last quarter. Clearstead Trust LLC raised its stake in Comcast by 5.2% in the 1st quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock worth $227,000 after acquiring an additional 305 shares during the last quarter. Webster Bank N. A. raised its stake in Comcast by 2.9% in the 2nd quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock worth $386,000 after acquiring an additional 305 shares during the last quarter. Finally, United Asset Strategies Inc. raised its stake in Comcast by 2.2% in the 1st quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock worth $519,000 after acquiring an additional 308 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ:CMCSA opened at $29.46 on Friday. Comcast Corporation has a 52 week low of $29.42 and a 52 week high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $108.77 billion, a PE ratio of 4.87, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The stock’s 50-day moving average price is $32.48 and its 200-day moving average price is $33.95.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The firm had revenue of $30.34 billion for the quarter. As a group, equities analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.5%. The ex-dividend date is Wednesday, October 1st. Comcast’s payout ratio is presently 21.82%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CMCSA shares. Citigroup restated a “buy” rating on shares of Comcast in a research note on Tuesday, August 26th. UBS Group set a $43.00 price target on Comcast in a research report on Friday, October 3rd. Sanford C. Bernstein cut their price target on Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft cut their price target on Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Comcast in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $39.94.

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.