WCG Wealth Advisors LLC Has $3.10 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

WCG Wealth Advisors LLC boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 6.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 79,079 shares of the cable giant’s stock after buying an additional 5,062 shares during the period. WCG Wealth Advisors LLC’s holdings in Comcast were worth $3,097,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CMCSA. Bollard Group LLC boosted its stake in Comcast by 0.7% during the 4th quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock valued at $1,622,000 after purchasing an additional 244 shares during the last quarter. Tortoise Investment Management LLC boosted its position in shares of Comcast by 4.5% during the fourth quarter. Tortoise Investment Management LLC now owns 5,801 shares of the cable giant’s stock valued at $254,000 after buying an additional 249 shares during the last quarter. Greenwich Wealth Management LLC grew its holdings 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 buying 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 buying an additional 267 shares during the last quarter. Finally, Mcdonald Partners LLC lifted its stake in Comcast by 1.4% during the 1st quarter. Mcdonald Partners LLC now owns 19,591 shares of the cable giant’s stock valued at $849,000 after acquiring an additional 270 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ CMCSA opened at $39.82 on Thursday. The company’s 50 day moving average is $39.48 and its 200-day moving average is $39.67. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The firm has a market cap of $156.24 billion, a P/E ratio of 10.53, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. During the same period in the prior year, the business posted $1.13 earnings per share. The company’s revenue was down 2.7% on a year-over-year basis. Sell-side analysts predict that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.11%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CMCSA shares. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Macquarie reiterated a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a research note 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 note on Wednesday, July 24th. Pivotal Research decreased their price target on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $45.78.

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.