Coppell Advisory Solutions LLC Sells 11,179 Shares of Comcast Corporation $CMCSA

by · The Cerbat Gem

Coppell Advisory Solutions LLC cut its holdings in Comcast Corporation (NASDAQ:CMCSA – Free Report) by 17.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,516 shares of the cable giant’s stock after selling 11,179 shares during the period. Coppell Advisory Solutions LLC’s holdings in Comcast were worth $1,782,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Sculati Wealth Management LLC grew its holdings in Comcast by 0.9% during the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant’s stock valued at $1,156,000 after buying an additional 285 shares in the last quarter. Toth Financial Advisory Corp lifted its holdings in Comcast by 9.0% during the first quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant’s stock worth $134,000 after buying an additional 300 shares during the period. Clearstead Trust LLC grew its stake in Comcast by 5.2% in the first quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock valued at $227,000 after purchasing an additional 305 shares during the last quarter. United Asset Strategies Inc. boosted its holdings in Comcast by 2.2% in the first quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock worth $519,000 after acquiring an additional 308 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its holdings in shares of Comcast by 0.6% during the first quarter. Moors & Cabot Inc. now owns 54,163 shares of the cable giant’s stock worth $1,999,000 after purchasing an additional 310 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Moffett Nathanson boosted their price objective on Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, June 12th. UBS Group cut their price target on Comcast from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, August 1st. Morgan Stanley cut their price target on Comcast from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, August 4th. Rosenblatt Securities upped their price target on Comcast from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. Finally, Arete Research upgraded Comcast to a “hold” rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $40.63.

Read Our Latest Research Report on CMCSA

Comcast Stock Performance

Shares of Comcast stock opened at $33.91 on Monday. The stock has a market cap of $125.20 billion, a PE ratio of 5.60, a price-to-earnings-growth ratio of 2.03 and a beta of 0.93. The business has a fifty day simple moving average of $34.03 and a 200-day simple moving average of $34.67. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a 12 month low of $31.03 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA – Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company had revenue of $30.31 billion during the quarter, compared to analysts’ expectations of $29.81 billion. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is presently 21.82%.

About Comcast

(Free Report)

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.

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