WCG Wealth Advisors LLC Decreases Stake in Comcast Corporation $CMCSA

WCG Wealth Advisors LLC reduced its position in Comcast Corporation (NASDAQ:CMCSA) by 77.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,591 shares of the cable giant’s stock after selling 55,832 shares during the period. WCG Wealth Advisors LLC’s holdings in Comcast were worth $496,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CMCSA. Imprint Wealth LLC bought a new position in shares of Comcast during the third quarter worth about $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Comcast during the fourth quarter worth about $27,000. United Financial Planning Group LLC bought a new position in shares of Comcast during the third quarter worth about $28,000. Olistico Wealth LLC bought a new position in shares of Comcast during the fourth quarter worth about $29,000. Finally, Richardson Financial Services Inc. lifted its position in shares of 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 purchasing an additional 691 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CMCSA. KeyCorp reaffirmed a “sector weight” rating on shares of Comcast in a research report on Thursday, April 23rd. Royal Bank Of Canada increased their price target on shares of Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $29.00 price target on shares of Comcast in a research report on Thursday, April 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research report on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 price target on the stock. in a research report on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $34.56.

Comcast Price Performance

CMCSA opened at $23.82 on Friday. The firm has a market cap of $85.09 billion, a price-to-earnings ratio of 4.69, a price-to-earnings-growth ratio of 1.94 and a beta of 0.67. Comcast Corporation has a fifty-two week low of $23.13 and a fifty-two week high of $36.66. The company’s 50-day moving average price is $26.77 and its 200 day moving average price is $28.42. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.06. The firm had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. Comcast’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.09 earnings per share. As a group, sell-side analysts expect that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.5%. Comcast’s dividend payout ratio is 25.98%.

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.