Prospera Financial Services Inc Sells 101,176 Shares of Comcast Corporation $CMCSA

Prospera Financial Services Inc reduced its stake in Comcast Corporation (NASDAQ:CMCSA) by 30.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,469 shares of the cable giant’s stock after selling 101,176 shares during the quarter. Prospera Financial Services Inc’s holdings in Comcast were worth $7,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Brighton Jones LLC lifted its position in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after buying an additional 99,986 shares during the last quarter. Voya Financial Advisors Inc. grew its position in Comcast by 3.2% during the second 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 last quarter. Concurrent Investment Advisors LLC raised its stake in shares of Comcast by 13.0% during the second quarter. Concurrent Investment Advisors LLC now owns 93,045 shares of the cable giant’s stock worth $3,321,000 after acquiring an additional 10,684 shares in the last quarter. MGO One Seven LLC lifted its holdings in shares of Comcast by 2.6% in the 2nd quarter. MGO One Seven LLC now owns 111,890 shares of the cable giant’s stock worth $3,993,000 after acquiring an additional 2,839 shares during the last quarter. Finally, Vest Financial LLC boosted its stake in shares of Comcast by 32.3% in the 2nd quarter. Vest Financial LLC now owns 90,953 shares of the cable giant’s stock valued at $3,246,000 after purchasing an additional 22,194 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Up 2.2%

NASDAQ:CMCSA opened at $32.30 on Wednesday. The company has a 50-day moving average price of $29.00 and a 200-day moving average price of $30.09. The stock has a market cap of $117.68 billion, a price-to-earnings ratio of 6.01, a P/E/G ratio of 2.41 and a beta of 0.81. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $37.97.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm had revenue of $32.31 billion for the quarter, compared to the consensus estimate of $32.35 billion. During the same quarter in the prior year, the business earned $0.96 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Wednesday, April 1st. Comcast’s dividend payout ratio (DPR) is presently 24.58%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several recent research reports. Oppenheimer set a $38.00 price target on shares of Comcast in a research note on Tuesday, November 4th. Pivotal Research downgraded Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Williams Trading set a $40.00 target price on Comcast in a research note on Friday, October 31st. Barclays set a $28.00 price target on Comcast and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. Finally, Scotiabank decreased their price target on Comcast from $37.50 to $35.25 and set a “sector perform” rating on the stock in a research note on Friday, January 30th. Ten investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.90.

Comcast Company 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.