Concord Asset Management LLC VA Purchases 4,511 Shares of Comcast Corporation $CMCSA

Concord Asset Management LLC VA raised its position in Comcast Corporation (NASDAQ:CMCSA) by 6.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,950 shares of the cable giant’s stock after acquiring an additional 4,511 shares during the quarter. Concord Asset Management LLC VA’s holdings in Comcast were worth $2,532,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CMCSA. Inlight Wealth Management LLC bought a new position in shares of Comcast in the first quarter worth about $26,000. Cranbrook Wealth Management LLC raised its stake in shares of Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after buying an additional 350 shares during the period. Global Trust Asset Management LLC raised its stake in shares of Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after buying an additional 671 shares during the period. Abound Financial LLC bought a new position in shares of Comcast in the first quarter worth about $29,000. Finally, Ransom Advisory Ltd bought a new position in shares of Comcast in the first quarter worth about $29,000. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Arete Research raised Comcast to a “hold” rating in a research note on Tuesday, July 8th. KeyCorp cut their target price on Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. Rosenblatt Securities increased their target price on Comcast from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, August 4th. Sanford C. Bernstein cut their target price on Comcast from $37.00 to $36.00 and set a “market perform” rating for the company in a research report on Wednesday, September 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Comcast in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $39.94.

Comcast Stock Performance

NASDAQ CMCSA opened at $29.46 on Monday. The stock has a market capitalization of $108.77 billion, a PE ratio of 4.87, a P/E/G ratio of 1.74 and a beta of 0.94. The business has a 50 day simple moving average of $32.48 and a two-hundred day simple moving average of $33.90. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. Comcast Corporation has a 1-year low of $29.42 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The business had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%. On average, research analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

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

Comcast 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.