Wedbush Securities Inc. Has $1.84 Million Stake in Comcast Corporation $CMCSA

Wedbush Securities Inc. lifted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 55.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 58,608 shares of the cable giant’s stock after purchasing an additional 20,864 shares during the quarter. Wedbush Securities Inc.’s holdings in Comcast were worth $1,841,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Capital A Wealth Management LLC boosted its position in Comcast by 173.7% during the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after purchasing an additional 436 shares during the period. Avalon Trust Co lifted its stake in shares of Comcast by 433.3% during the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after buying an additional 624 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Comcast during the 2nd quarter worth about $29,000. Princeton Global Asset Management LLC boosted its holdings in shares of Comcast by 403.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after buying an additional 686 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new position in Comcast in the 2nd quarter valued at about $31,000. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the subject of several research reports. KeyCorp downgraded shares of Comcast from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 30th. Benchmark lowered their target price on Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research note on Friday, January 9th. Bank of America raised Comcast from a “neutral” rating to a “buy” rating and upped their price objective for the company from $31.00 to $37.00 in a report on Monday, January 12th. Finally, Evercore lowered their price objective on Comcast from $40.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. Ten investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two 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 $34.90.

Comcast Trading Down 2.0%

Shares of NASDAQ:CMCSA opened at $31.82 on Friday. The business’s 50 day simple moving average is $29.19 and its 200 day simple moving average is $30.12. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $37.97. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $115.95 billion, a P/E ratio of 5.93, a P/E/G ratio of 2.48 and a beta of 0.81.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.09. The firm had revenue of $32.31 billion during the quarter, compared to analysts’ expectations of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 EPS. On average, research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 annualized dividend and a yield of 4.1%. Comcast’s dividend payout ratio is currently 24.58%.

Comcast Company 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.