Astra Wealth Partners LLC Purchases New Position in Comcast Corporation $CMCSA

Astra Wealth Partners LLC purchased a new stake in Comcast Corporation (NASDAQ:CMCSA) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 24,313 shares of the cable giant’s stock, valued at approximately $868,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Global Trust Asset Management LLC grew its stake in Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after buying an additional 671 shares during the last quarter. Cranbrook Wealth Management LLC grew its stake in Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after buying an additional 350 shares during the last quarter. Ransom Advisory Ltd bought a new stake in Comcast in the 1st quarter valued at about $29,000. Abound Financial LLC bought a new stake in Comcast in the 1st quarter valued at about $29,000. Finally, Princeton Global Asset Management LLC boosted its holdings in Comcast by 403.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after purchasing an additional 686 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on CMCSA shares. Loop Capital cut their price objective on shares of Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday. Williams Trading set a $40.00 price objective on shares of Comcast in a report on Friday. JPMorgan Chase & Co. cut their price objective on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Friday. Morgan Stanley cut their price objective on shares of Comcast from $35.00 to $32.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Moffett Nathanson boosted their price objective on shares of Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a report on Friday, September 12th. Eleven analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $36.74.

Comcast Stock Performance

Shares of Comcast stock opened at $27.83 on Monday. The company has a 50 day moving average of $31.40 and a 200-day moving average of $33.32. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $45.31. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The company has a market cap of $102.75 billion, a PE ratio of 4.63, a price-to-earnings-growth ratio of 1.89 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The company had revenue of $30.34 billion during the quarter. As a group, equities research analysts forecast that Comcast Corporation will post 4.33 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, February 4th. Investors of record on Wednesday, January 14th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 4.7%. Comcast’s dividend payout ratio is presently 21.96%.

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.