Maxwell Wealth Strategies Inc. Trims Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Maxwell Wealth Strategies Inc. lowered its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 8.1% in the third quarter, Holdings Channel.com reports. The fund owned 32,074 shares of the cable giant’s stock after selling 2,824 shares during the quarter. Maxwell Wealth Strategies Inc.’s holdings in Comcast were worth $1,365,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Koshinski Asset Management Inc. lifted its holdings in shares of Comcast by 0.8% in the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after purchasing an additional 249 shares in the last quarter. Regent Peak Wealth Advisors LLC boosted its holdings in shares of Comcast by 3.1% during the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after purchasing an additional 257 shares during the last quarter. Abich Financial Wealth Management LLC grew its holdings in Comcast by 4.7% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after buying an additional 260 shares during the period. Greenwich Wealth Management LLC increased its position in Comcast by 2.7% during the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after purchasing an additional 261 shares during the last quarter. Finally, Saxon Interests Inc. raised its position in shares of Comcast by 2.0% in the 3rd quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock worth $566,000 after buying an additional 262 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 1.4 %

NASDAQ:CMCSA opened at $42.88 on Friday. The business has a 50 day moving average price of $41.61 and a two-hundred day moving average price of $39.87. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a market cap of $164.08 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 1.66 and a beta of 1.00. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.08 EPS. As a group, analysts expect that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is presently 33.33%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CMCSA. TD Cowen cut their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Wells Fargo & Company increased their price target on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, Benchmark reiterated a “buy” rating and issued a $55.00 price target on shares of Comcast in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.75.

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.