180 Wealth Advisors LLC boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,255 shares of the cable giant’s stock after purchasing an additional 779 shares during the period. 180 Wealth Advisors LLC’s holdings in Comcast were worth $1,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Rockbridge Investment Management LCC acquired a new stake in Comcast during the second quarter valued at approximately $29,000. Asset Advisors Investment Management LLC bought a new position in shares of Comcast during the second quarter valued at $32,000. Evolution Wealth Advisors LLC lifted its holdings in Comcast by 68.5% in the second quarter. Evolution Wealth Advisors LLC now owns 841 shares of the cable giant’s stock valued at $33,000 after acquiring an additional 342 shares during the period. Financial Management Professionals Inc. bought a new position in Comcast in the second quarter valued at about $33,000. Finally, Campbell Wealth Management bought a new position in Comcast in the second quarter valued at about $39,000. Institutional investors own 82.80% of the company’s stock.
In other Comcast news, CEO Jeff Shell sold 99,484 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $42.91, for a total transaction of $4,268,858.44. 1.35% of the stock is owned by company insiders.
Shares of Comcast stock traded down $1.39 during trading on Monday, hitting $43.67. 764,940 shares of the company’s stock traded hands, compared to its average volume of 16,215,002. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.97 and a quick ratio of 0.97. Comcast Co. has a 1 year low of $31.70 and a 1 year high of $47.74. The stock has a market capitalization of $203.37 billion, a P/E ratio of 14.94, a PEG ratio of 1.85 and a beta of 0.93. The business has a 50-day simple moving average of $45.25 and a 200-day simple moving average of $41.40.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 30th. The cable giant reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.14. Comcast had a return on equity of 16.66% and a net margin of 10.91%. The business had revenue of $23.72 billion for the quarter, compared to analysts’ expectations of $23.56 billion. During the same period last year, the firm posted $0.78 earnings per share. The business’s revenue for the quarter was down 11.7% on a year-over-year basis. On average, equities analysts predict that Comcast Co. will post 2.47 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $0.92 annualized dividend and a yield of 2.11%. Comcast’s dividend payout ratio (DPR) is currently 29.39%.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, wireless, and security and automation services to residential and business customers under the Xfinity brand; and advertising services.
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