Koss Olinger Consulting LLC Decreases Holdings in Comcast Corporation $CMCSA

Koss Olinger Consulting LLC decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 47.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,020 shares of the cable giant’s stock after selling 32,321 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Comcast were worth $1,077,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Imprint Wealth LLC purchased a new stake in shares of Comcast during the 3rd quarter worth approximately $26,000. United Financial Planning Group LLC purchased a new stake in shares of Comcast during the 3rd quarter worth approximately $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Comcast during the 4th quarter worth approximately $27,000. Olistico Wealth LLC purchased a new stake in shares of Comcast during the 4th quarter worth approximately $29,000. Finally, Richardson Financial Services Inc. boosted its stake in shares of Comcast by 212.6% during the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after acquiring an additional 691 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 1.2%

Shares of Comcast stock opened at $24.87 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. Comcast Corporation has a 1 year low of $24.53 and a 1 year high of $36.66. The company has a market capitalization of $88.84 billion, a P/E ratio of 4.90, a P/E/G ratio of 2.02 and a beta of 0.71. The business has a 50 day moving average price of $27.26 and a 200 day moving average price of $28.54.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data 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 return on equity of 15.47% and a net margin of 15.00%.The firm had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. During the same period in the previous year, the firm posted $1.09 EPS. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. Sell-side analysts anticipate that Comcast Corporation will post 3.58 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Wednesday, July 1st. Comcast’s payout ratio is currently 25.98%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered Comcast from a “buy” rating to a “hold” rating and set a $34.00 price target on the stock. in a research note on Friday, April 24th. TD Cowen decreased their price target on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Scotiabank boosted their price target on Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Evercore boosted their price target on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Citigroup boosted their price target on Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a research note on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Comcast currently has an average rating of “Hold” and an average target price of $34.79.

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.