Estate Counselors LLC Sells 25,300 Shares of Comcast Corporation $CMCSA

Estate Counselors LLC lessened its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 28.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 64,200 shares of the cable giant’s stock after selling 25,300 shares during the period. Estate Counselors LLC’s holdings in Comcast were worth $1,843,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Imprint Wealth LLC acquired a new stake in shares of Comcast during the third quarter worth $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Comcast in the fourth quarter valued at about $27,000. Whipplewood Advisors LLC lifted its stake in Comcast by 75.5% in the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock valued at $27,000 after buying an additional 401 shares during the period. Main Street Group LTD bought a new position in Comcast during the first quarter worth about $27,000. Finally, Richardson Financial Services Inc. boosted its holdings in Comcast by 212.6% during the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after buying an additional 691 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the subject of a number of recent analyst reports. Scotiabank set a $29.00 price target on Comcast in a research note on Friday. Royal Bank Of Canada set a $26.00 price objective on shares of Comcast and gave the stock a “sector perform” rating in a research note on Friday. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a report on Monday, July 6th. UBS Group reaffirmed a “neutral” rating on shares of Comcast in a research note on Tuesday, June 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Comcast from a “hold” rating to a “buy” rating and cut their target price for the stock from $34.00 to $32.00 in a report on Tuesday, June 30th. Eleven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $32.96.

Comcast Trading Up 2.2%

NASDAQ:CMCSA opened at $22.80 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. The business’s 50-day simple moving average is $23.77 and its 200-day simple moving average is $27.23. Comcast Corporation has a fifty-two week low of $21.28 and a fifty-two week high of $34.45. The stock has a market capitalization of $81.45 billion, a PE ratio of 7.38, a price-to-earnings-growth ratio of 1.84 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The business had revenue of $29.94 billion during the quarter, compared to analysts’ expectations of $29.24 billion. During the same period in the prior year, the business earned $1.25 EPS. Comcast’s revenue for the quarter was down 1.2% compared to the same quarter last year. Sell-side analysts expect that Comcast Corporation will post 3.47 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, October 28th. Stockholders of record on Wednesday, October 7th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $1.32 annualized dividend and a dividend yield of 5.8%. Comcast’s dividend payout ratio is currently 42.72%.

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.