Tag: NASDAQ:CMCSA

Creative Financial Designs Inc. ADV cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA – Free Report) by 12.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 4,907 shares of the cable giant’s stock after selling 669 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Comcast were worth $205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Fairscale Capital LLC purchased a new position in shares of Comcast in the second quarter worth about $26,000. McClarren Financial Advisors Inc. grew its stake in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares in the last quarter. Iron Horse Wealth Management LLC raised its holdings in Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 522 shares during the period. IAG Wealth Partners LLC lifted its position in shares of Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after acquiring an additional 522 shares in the last quarter. Finally, Archer Investment Corp boosted its holdings in shares of Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after acquiring an additional 519 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. KeyCorp raised their price objective on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday. Pivotal Research upped their target price on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Finally, Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $47.75 to $48.00 in a research report on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.63.

Check Out Our Latest Stock Report on CMCSA

Comcast Price Performance

Shares of Comcast stock opened at $43.56 on Monday. The firm has a market capitalization of $168.69 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 1.15 and a beta of 1.00. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.14. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The business’s 50-day moving average price is $40.80 and its 200-day moving average price is $39.58.

Comcast (NASDAQ:CMCSA – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $1.08 earnings per share. Sell-side analysts forecast that Comcast Co. will post 4.24 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is presently 33.33%.

Comcast Profile

(Free Report)

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.

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Diversified Portfolios Inc. trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA – Get Rating) by 37.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,017 shares of the cable giant’s stock after selling 2,963 shares during the period. Diversified Portfolios Inc.’s holdings in Comcast were worth $175,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. Kolinsky Wealth Management LLC grew its position in Comcast by 2.2% during the 2nd quarter. Kolinsky Wealth Management LLC now owns 13,749 shares of the cable giant’s stock worth $540,000 after purchasing an additional 291 shares during the period. McLean Asset Management Corp grew its position in shares of Comcast by 2.6% during the 4th quarter. McLean Asset Management Corp now owns 11,389 shares of the cable giant’s stock valued at $398,000 after acquiring an additional 293 shares during the period. Kovack Advisors Inc. grew its position in shares of Comcast by 1.2% during the 3rd quarter. Kovack Advisors Inc. now owns 25,912 shares of the cable giant’s stock valued at $760,000 after acquiring an additional 308 shares during the period. Signet Investment Advisory Group Inc. grew its position in shares of Comcast by 1.2% during the 4th quarter. Signet Investment Advisory Group Inc. now owns 26,331 shares of the cable giant’s stock valued at $921,000 after acquiring an additional 316 shares during the period. Finally, Beach Investment Counsel Inc. PA grew its position in shares of Comcast by 2.5% during the 3rd quarter. Beach Investment Counsel Inc. PA now owns 13,036 shares of the cable giant’s stock valued at $382,000 after acquiring an additional 319 shares during the period. 82.23% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of CMCSA opened at $37.91 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market capitalization of $159.83 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 0.81 and a beta of 1.00. The company’s 50 day simple moving average is $37.81 and its 200 day simple moving average is $35.19. Comcast Co. has a 1 year low of $28.39 and a 1 year high of $48.42.

Comcast (NASDAQ:CMCSA – Get Rating) last posted its quarterly earnings results on Thursday, January 26th. The cable giant reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The company had revenue of $30.55 billion for the quarter, compared to the consensus estimate of $30.36 billion. Comcast had a net margin of 4.42% and a return on equity of 18.40%. Comcast’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 earnings per share. On average, sell-side analysts predict that Comcast Co. will post 3.64 EPS for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 5th will be given a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, April 4th. This represents a $1.16 annualized dividend and a dividend yield of 3.06%. This is a positive change from Comcast’s previous quarterly dividend of $0.27. Comcast’s dividend payout ratio is presently 90.76%.

Insider Activity at Comcast

In related news, major shareholder Corp Comcast sold 1,610,496 shares of the firm’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $2.38, for a total transaction of $3,832,980.48. Following the completion of the sale, the insider now directly owns 25,153,615 shares of the company’s stock, valued at approximately $59,865,603.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders sold 7,527,791 shares of company stock valued at $19,025,007. Corporate insiders own 1.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CMCSA. Barclays raised their target price on Comcast from $34.00 to $36.00 and gave the company an “equal weight” rating in a research report on Thursday, February 2nd. JPMorgan Chase & Co. raised their price target on shares of Comcast from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, January 27th. Rosenblatt Securities raised their price target on shares of Comcast from $32.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, January 27th. Pivotal Research raised their target price on shares of Comcast from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, January 27th. Finally, Cowen decreased their target price on shares of Comcast from $49.00 to $46.00 and set an “outperform” rating on the stock in a research note on Friday, January 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $44.29.

Comcast Profile

(Get Rating)

Comcast Corp. engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. The Cable Communications segment consists of Comcast Cable, which is a provider of broadband, video, voice, wireless, and other services to residential customers in the United States under the Xfinity brand.

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