Comcast Corporation $CMCSA Shares Sold by RMR Wealth Builders

by · The Cerbat Gem

RMR Wealth Builders cut its stake in Comcast Corporation (NASDAQ:CMCSA – Free Report) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,349 shares of the cable giant’s stock after selling 1,704 shares during the period. RMR Wealth Builders’ holdings in Comcast were worth $1,654,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC acquired a new stake in Comcast in the first quarter worth $26,000. Ransom Advisory Ltd acquired a new stake in Comcast in the first quarter worth $29,000. Abound Financial LLC acquired a new stake in Comcast in the first quarter worth $29,000. Retirement Wealth Solutions LLC increased its position in Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock worth $30,000 after buying an additional 448 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Comcast in the fourth quarter worth $33,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Royal Bank Of Canada assumed coverage on Comcast in a report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price target on the stock. Benchmark reissued a “buy” rating on shares of Comcast in a report on Friday, July 18th. Rothschild & Co Redburn lowered their price target on Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Sanford C. Bernstein lowered their price target on Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a report on Wednesday, September 10th. Finally, Arete Research raised Comcast to a “hold” rating in a report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.56.

Check Out Our Latest Research Report on CMCSA

Comcast Trading Down 1.0%

NASDAQ:CMCSA opened at $33.06 on Monday. 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 1-year low of $31.03 and a 1-year high of $45.31. The firm has a market capitalization of $122.06 billion, a price-to-earnings ratio of 5.46, a price-to-earnings-growth ratio of 1.98 and a beta of 0.93. The stock has a fifty day simple moving average of $33.79 and a 200 day simple moving average of $34.59.

Comcast (NASDAQ:CMCSA – Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, beating 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 business had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. During the same quarter last year, the company posted $1.21 EPS. Comcast’s revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s dividend payout ratio is currently 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.

See Also

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