IHT Wealth Management LLC Has $1.51 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

by · The Markets Daily

IHT Wealth Management LLC reduced its position in shares of Comcast Co. (NASDAQ:CMCSA – Free Report) by 37.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,169 shares of the cable giant’s stock after selling 23,865 shares during the period. IHT Wealth Management LLC’s holdings in Comcast were worth $1,508,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Promus Capital LLC bought a new position in Comcast in the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC increased its holdings in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after buying an additional 502 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of Comcast during the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast in the 4th quarter valued at approximately $28,000. Finally, OFI Invest Asset Management acquired a new position in shares of Comcast during the fourth quarter worth $37,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA opened at $34.20 on Wednesday. The stock has a market cap of $129.31 billion, a P/E ratio of 8.24, a P/E/G ratio of 1.78 and a beta of 0.94. The business’s fifty day moving average is $35.46 and its 200 day moving average is $38.20. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 12-month low of $32.20 and a 12-month high of $45.31.

Comcast (NASDAQ:CMCSA – Get Free Report) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.86%. Comcast’s payout ratio is presently 31.81%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CMCSA. Scotiabank raised their target price on Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 8th. Loop Capital cut their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Macquarie lowered their price target on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Benchmark dropped their price target on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, The Goldman Sachs Group decreased their price objective on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

Check Out Our Latest Analysis on CMCSA

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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