Nwam LLC Sells 9,906 Shares of Comcast Co. (NASDAQ:CMCSA)

Nwam LLC cut its holdings in Comcast Co. (NASDAQ:CMCSAFree Report) by 23.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,575 shares of the cable giant’s stock after selling 9,906 shares during the quarter. Nwam LLC’s holdings in Comcast were worth $1,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Corrado Advisors LLC purchased a new position in shares of Comcast during the fourth quarter valued at about $25,000. Kalos Management Inc. bought a new stake in Comcast during the 1st quarter valued at approximately $28,000. NewSquare Capital LLC grew its holdings in shares of Comcast by 134.3% during the 1st quarter. NewSquare Capital LLC now owns 752 shares of the cable giant’s stock worth $29,000 after acquiring an additional 431 shares during the period. GW&K Investment Management LLC bought a new position in shares of Comcast in the 1st quarter worth approximately $29,000. Finally, Fortis Capital Advisors LLC purchased a new position in shares of Comcast in the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 82.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CMCSA shares. Wells Fargo & Company boosted their price objective on shares of Comcast from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, July 28th. Credit Suisse Group raised their price objective on Comcast from $50.00 to $54.00 in a research report on Thursday, July 27th. StockNews.com started coverage on Comcast in a report on Thursday, August 17th. They issued a “strong-buy” rating on the stock. TD Cowen raised their price target on Comcast from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Finally, Macquarie upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $46.00 price target on the stock in a research note on Friday, July 28th. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Comcast has a consensus rating of “Moderate Buy” and an average target price of $47.88.

Read Our Latest Research Report on CMCSA

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $44.84 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.76 and a quick ratio of 0.76. Comcast Co. has a 1 year low of $28.39 and a 1 year high of $47.46. The firm has a fifty day moving average price of $44.38 and a 200-day moving average price of $40.69. The stock has a market cap of $184.97 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 1.25 and a beta of 0.99.

Comcast (NASDAQ:CMCSAGet Free Report) last issued its earnings results on Thursday, July 27th. The cable giant reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.15. Comcast had a return on equity of 19.79% and a net margin of 5.40%. The company had revenue of $30.51 billion for the quarter, compared to the consensus estimate of $30.11 billion. During the same quarter last year, the company earned $1.01 EPS. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. Equities analysts anticipate that Comcast Co. will post 3.81 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be given a $0.29 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.59%. Comcast’s dividend payout ratio is currently 73.42%.

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, advertising sales, and Sky channels.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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