Circle Wealth Management LLC Has $1.78 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Circle Wealth Management LLC trimmed its holdings in Comcast Co. (NASDAQ:CMCSA) by 16.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,500 shares of the cable giant’s stock after selling 9,103 shares during the period. Circle Wealth Management LLC’s holdings in Comcast were worth $1,782,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in CMCSA. Gilbert & Cook Inc. raised its position in shares of Comcast by 10.3% in the 4th quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock valued at $685,000 after buying an additional 1,459 shares in the last quarter. Gryphon Financial Partners LLC raised its position in Comcast by 71.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 50,539 shares of the cable giant’s stock valued at $2,451,000 after purchasing an additional 21,112 shares in the last quarter. Avantax Planning Partners Inc. lifted its stake in Comcast by 4.5% during the fourth quarter. Avantax Planning Partners Inc. now owns 11,980 shares of the cable giant’s stock worth $525,000 after purchasing an additional 521 shares during the last quarter. HCR Wealth Advisors acquired a new stake in shares of Comcast in the 4th quarter valued at $228,000. Finally, Congress Wealth Management LLC DE boosted its holdings in shares of Comcast by 21.7% in the 4th quarter. Congress Wealth Management LLC DE now owns 29,370 shares of the cable giant’s stock valued at $1,288,000 after purchasing an additional 5,230 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CMCSA. BNP Paribas downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective for the company. in a research report on Tuesday, June 11th. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, July 24th. Evercore ISI decreased their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. Pivotal Research lowered their price objective on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $45.78.

Comcast Stock Performance

Shares of Comcast stock opened at $40.11 on Friday. The stock has a market cap of $157.38 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 1.03 and a beta of 1.01. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The company’s fifty day moving average is $39.57 and its 200 day moving average is $39.65. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 EPS. Sell-side analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.09%. Comcast’s payout ratio is 32.80%.

About Comcast

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.