Aprio Wealth Management LLC Purchases 596 Shares of Comcast Co. (NASDAQ:CMCSA)

Aprio Wealth Management LLC grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 9.3% in the third quarter, Holdings Channel reports. The fund owned 6,974 shares of the cable giant’s stock after acquiring an additional 596 shares during the quarter. Aprio Wealth Management LLC’s holdings in Comcast were worth $390,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in CMCSA. FMR LLC lifted its stake in shares of Comcast by 12.0% during the 2nd quarter. FMR LLC now owns 112,683,895 shares of the cable giant’s stock valued at $6,425,236,000 after buying an additional 12,066,751 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Comcast by 27.4% during the 2nd quarter. Invesco Ltd. now owns 34,835,280 shares of the cable giant’s stock valued at $1,986,305,000 after buying an additional 7,499,137 shares in the last quarter. Capital International Investors lifted its stake in shares of Comcast by 2.9% during the 2nd quarter. Capital International Investors now owns 226,174,387 shares of the cable giant’s stock valued at $12,895,902,000 after buying an additional 6,432,001 shares in the last quarter. Amundi purchased a new stake in shares of Comcast during the 2nd quarter valued at approximately $333,562,000. Finally, Morgan Stanley lifted its stake in shares of Comcast by 10.9% during the 2nd quarter. Morgan Stanley now owns 40,850,065 shares of the cable giant’s stock valued at $2,329,271,000 after buying an additional 3,998,777 shares in the last quarter. 82.48% of the stock is owned by hedge funds and other institutional investors.

Shares of Comcast stock opened at $51.88 on Thursday. The company has a 50-day simple moving average of $54.21 and a two-hundred day simple moving average of $56.61. Comcast Co. has a 52-week low of $48.15 and a 52-week high of $61.80. The stock has a market capitalization of $237.04 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.06 and a beta of 0.96. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.03 and a current ratio of 1.03.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 28th. The cable giant reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.12. The company had revenue of $30.30 billion during the quarter, compared to analyst estimates of $29.87 billion. Comcast had a net margin of 12.73% and a return on equity of 14.88%. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 earnings per share. As a group, equities research analysts forecast that Comcast Co. will post 3.15 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 26th. Shareholders of record on Wednesday, January 5th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, January 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.93%. Comcast’s payout ratio is currently 32.26%.

CMCSA has been the topic of a number of recent research reports. Morgan Stanley upped their price target on shares of Comcast from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, July 30th. Raymond James cut shares of Comcast from an “outperform” rating to a “market perform” rating in a research note on Monday, October 11th. Truist increased their target price on shares of Comcast from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 30th. Citigroup lowered their target price on shares of Comcast from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, November 1st. Finally, Wells Fargo & Company lowered their price objective on shares of Comcast from $49.00 to $46.00 and set an “underweight” rating on the stock in a research report on Friday, October 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $65.87.

Comcast Profile

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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