OneAscent Wealth Management LLC Trims Position in Comcast Co. (NASDAQ:CMCSA)

OneAscent Wealth Management LLC lowered its holdings in Comcast Co. (NASDAQ:CMCSA) by 18.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,426 shares of the cable giant’s stock after selling 2,187 shares during the period. OneAscent Wealth Management LLC’s holdings in Comcast were worth $354,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors LLC boosted its holdings in shares of Comcast by 904.0% in the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after purchasing an additional 229,192 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Comcast during the fourth quarter valued at about $743,681,000. Bfsg LLC increased its stake in Comcast by 752.8% during the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock worth $3,129,000 after acquiring an additional 73,590 shares during the last quarter. Mission Wealth Management LP raised its holdings in shares of Comcast by 8.3% in the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock worth $1,633,000 after purchasing an additional 3,344 shares during the period. Finally, Robinson Value Management Ltd. lifted its stake in shares of Comcast by 136.7% in the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock valued at $3,842,000 after purchasing an additional 59,107 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Down 2.0 %

Shares of Comcast stock opened at $36.62 on Friday. The business has a 50-day moving average price of $35.89 and a 200 day moving average price of $38.99. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The firm has a market cap of $138.46 billion, a P/E ratio of 8.82, a P/E/G ratio of 1.78 and a beta of 1.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, sell-side analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.60%. Comcast’s payout ratio is 31.81%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of research analyst reports. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. reduced their target price on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company lowered their price target on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. UBS Group decreased their target price on Comcast from $47.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Sanford C. Bernstein set a $38.00 price target on Comcast in a research report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and an average price target of $43.64.

Comcast Profile

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.