Olistico Wealth LLC Cuts Stock Position in Comcast Co. (NASDAQ:CMCSA)

Olistico Wealth LLC lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 2.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,018 shares of the cable giant’s stock after selling 272 shares during the period. Olistico Wealth LLC’s holdings in Comcast were worth $377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Tortoise Investment Management LLC raised its position in Comcast by 4.5% in the 4th quarter. Tortoise Investment Management LLC now owns 5,801 shares of the cable giant’s stock valued at $254,000 after purchasing an additional 249 shares in the last quarter. Greenwich Wealth Management LLC raised its position in Comcast by 2.7% in the 2nd quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock valued at $382,000 after purchasing an additional 261 shares in the last quarter. Verum Partners LLC raised its position in Comcast by 4.9% in the 2nd quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock valued at $222,000 after purchasing an additional 267 shares in the last quarter. Mcdonald Partners LLC raised its position in Comcast by 1.4% in the 1st quarter. Mcdonald Partners LLC now owns 19,591 shares of the cable giant’s stock valued at $849,000 after purchasing an additional 270 shares in the last quarter. Finally, Plancorp LLC raised its position in Comcast by 0.4% in the 2nd quarter. Plancorp LLC now owns 74,725 shares of the cable giant’s stock valued at $2,926,000 after purchasing an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $40.95 on Wednesday. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The business has a 50-day moving average of $39.94 and a 200-day moving average of $39.49. 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 capitalization of $160.67 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 1.08 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last issued 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 during the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. Comcast’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.13 earnings per share. On average, equities analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced 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. This represents a $1.24 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio is presently 32.80%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft cut their target price on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. The Goldman Sachs Group assumed coverage on Comcast in a research note on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target on the stock. Finally, Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Comcast presently has a consensus rating of “Hold” and a consensus price target of $45.55.

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.