Tulsa Wealth Advisors INC Makes New $2.80 Million Investment in Comcast Corporation $CMCSA

Tulsa Wealth Advisors INC acquired a new stake in Comcast Corporation (NASDAQ:CMCSA) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 93,622 shares of the cable giant’s stock, valued at approximately $2,798,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. Imprint Wealth LLC acquired a new position in Comcast in the third quarter worth about $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Comcast in the 4th quarter worth approximately $27,000. United Financial Planning Group LLC acquired a new position in shares of Comcast in the 3rd quarter worth approximately $28,000. Olistico Wealth LLC bought a new position in shares of Comcast during the 4th quarter worth approximately $29,000. Finally, Richardson Financial Services Inc. boosted its stake in Comcast by 212.6% in the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after buying an additional 691 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $22.43 on Friday. The business has a fifty day moving average of $25.83 and a 200-day moving average of $28.19. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. Comcast Corporation has a twelve month low of $22.38 and a twelve month high of $36.66. The firm has a market cap of $80.13 billion, a PE ratio of 4.42, a price-to-earnings-growth ratio of 1.83 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The business had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. During the same quarter in the prior year, the company earned $1.09 EPS. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. On average, equities research analysts predict that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.9%. Comcast’s payout ratio is currently 25.98%.

Analyst Ratings Changes

Several research firms have issued reports on CMCSA. Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft cut shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price for the company. in a research report on Friday, April 24th. Morgan Stanley boosted their price target on shares of Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Freedom Capital raised shares of Comcast to a “hold” rating in a research note on Friday, June 12th. Finally, Rosenblatt Securities dropped their price objective on shares of Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Nine research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $34.50.

Comcast 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.