Comcast Co. (NASDAQ:CMCSA) Shares Sold by Marcum Wealth LLC

Marcum Wealth LLC decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 3.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 34,521 shares of the cable giant’s stock after selling 1,090 shares during the period. Marcum Wealth LLC’s holdings in Comcast were worth $1,442,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. CWM LLC boosted its holdings in Comcast by 4.2% in the third quarter. CWM LLC now owns 931,651 shares of the cable giant’s stock valued at $38,915,000 after purchasing an additional 37,829 shares during the last quarter. Saxon Interests Inc. grew its position in shares of Comcast by 2.0% during the 3rd quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock valued at $566,000 after buying an additional 262 shares during the last quarter. Hoxton Planning & Management LLC lifted its holdings in Comcast by 26.1% in the third quarter. Hoxton Planning & Management LLC now owns 6,723 shares of the cable giant’s stock worth $281,000 after acquiring an additional 1,393 shares during the last quarter. Brookstone Capital Management boosted its position in Comcast by 8.9% during the 3rd quarter. Brookstone Capital Management now owns 198,854 shares of the cable giant’s stock valued at $8,306,000 after purchasing an additional 16,221 shares during the period. Finally, O Keefe Stevens Advisory Inc. grew its position in shares of Comcast by 35.1% during the third quarter. O Keefe Stevens Advisory Inc. now owns 15,592 shares of the cable giant’s stock worth $651,000 after acquiring an additional 4,053 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CMCSA. KeyCorp dropped their target price on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Evercore ISI decreased their price target on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Pivotal Research decreased their price target on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Macquarie reissued a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Finally, The Goldman Sachs Group assumed coverage on Comcast in a report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Comcast currently has a consensus rating of “Hold” and a consensus target price of $45.55.

Comcast Stock Performance

NASDAQ CMCSA opened at $41.40 on Thursday. The stock’s 50 day simple moving average is $39.94 and its 200-day simple moving average is $39.48. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market cap of $162.44 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last posted its 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. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. During the same quarter in the prior year, the company posted $1.13 earnings per share. Comcast’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a dividend yield of 3.00%. Comcast’s dividend payout ratio is presently 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.