Marcum Wealth LLC lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 3.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,796 shares of the cable giant’s stock after selling 1,375 shares during the quarter. Marcum Wealth LLC’s holdings in Comcast were worth $2,041,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of CMCSA. Newton One Investments LLC acquired a new position in shares of Comcast in the 2nd quarter valued at about $28,000. Wagner Wealth Management LLC bought a new stake in shares of Comcast in the 1st quarter worth about $28,000. Baron Financial Group LLC raised its stake in Comcast by 688.6% during the second quarter. Baron Financial Group LLC now owns 552 shares of the cable giant’s stock valued at $31,000 after buying an additional 482 shares in the last quarter. Lumature Wealth Partners LLC acquired a new position in Comcast in the first quarter worth $31,000. Finally, Axiom Investment Management LLC acquired a new position in shares of Comcast during the first quarter worth approximately $37,000. 82.49% of the stock is currently owned by institutional investors.
A number of equities research analysts recently weighed in on the stock. Truist Securities lifted their price objective on shares of Comcast from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, July 30th. HSBC upped their price target on Comcast from $56.00 to $64.00 and gave the company a “buy” rating in a report on Monday, May 24th. Credit Suisse Group boosted their price objective on Comcast from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, July 30th. Redburn Partners started coverage on Comcast in a research report on Friday, June 25th. They set a “buy” rating and a $70.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Comcast from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, July 30th. One equities research analyst has rated the stock with a sell rating and eighteen have issued a buy rating to the stock. According to MarketBeat, Comcast has an average rating of “Buy” and an average target price of $64.93.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.17. The firm had revenue of $28.55 billion during the quarter, compared to the consensus estimate of $27.14 billion. Comcast had a net margin of 11.44% and a return on equity of 14.15%. Analysts predict that Comcast Co. will post 3.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 27th. Shareholders of record on Wednesday, October 6th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Tuesday, October 5th. Comcast’s dividend payout ratio is presently 38.31%.
Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.
Featured Article: Learning About the VIX – Volatility Index
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.