Axxcess Wealth Management LLC Has $4.06 Million Stock Position in Comcast Corporation $CMCSA

Axxcess Wealth Management LLC lowered its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 15.4% during the first quarter, HoldingsChannel reports. The firm owned 141,370 shares of the cable giant’s stock after selling 25,770 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Comcast were worth $4,059,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CMCSA. Brighton Jones LLC raised its position in Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after acquiring an additional 99,986 shares in the last quarter. Voya Financial Advisors Inc. grew its position in shares of Comcast by 3.2% in the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock valued at $2,963,000 after acquiring an additional 2,593 shares during the period. United Bank increased its stake in shares of Comcast by 11.3% during the 2nd quarter. United Bank now owns 42,216 shares of the cable giant’s stock worth $1,507,000 after purchasing an additional 4,290 shares during the last quarter. HUB Investment Partners LLC increased its stake in shares of Comcast by 119.4% during the 2nd quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock worth $606,000 after purchasing an additional 9,236 shares during the last quarter. Finally, Diversify Advisory Services LLC raised its holdings in shares of Comcast by 66.8% in the 2nd quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock valued at $1,414,000 after purchasing an additional 15,865 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of research analyst reports. UBS Group reiterated a “neutral” rating on shares of Comcast in a report on Tuesday, June 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research note on Monday. Deutsche Bank Aktiengesellschaft raised Comcast from a “hold” rating to a “buy” rating and cut their price objective for the company from $34.00 to $32.00 in a research report on Tuesday, June 30th. Citigroup reduced their target price on Comcast from $35.50 to $32.00 and set a “buy” rating for the company in a research note on Monday, June 29th. Finally, Wall Street Zen upgraded Comcast to a “hold” rating in a research note on Saturday, March 14th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Comcast has an average rating of “Hold” and an average target price of $34.04.

Comcast Price Performance

Comcast stock opened at $23.19 on Thursday. Comcast Corporation has a 12 month low of $22.13 and a 12 month high of $36.03. The stock’s 50 day moving average is $24.41 and its 200-day moving average is $27.78. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $82.84 billion, a price-to-earnings ratio of 4.56, a PEG ratio of 1.93 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.06. The business had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 EPS. Equities research analysts expect that Comcast Corporation will post 3.49 EPS for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be paid a $0.33 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.7%. Comcast’s payout ratio is 25.98%.

Comcast Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.