Clarus Wealth Advisors lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 72.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,778 shares of the cable giant’s stock after acquiring an additional 5,774 shares during the period. Clarus Wealth Advisors’ holdings in Comcast were worth $621,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Archford Capital Strategies LLC lifted its holdings in Comcast by 6.2% in the second quarter. Archford Capital Strategies LLC now owns 4,134 shares of the cable giant’s stock valued at $175,000 after acquiring an additional 240 shares during the period. Ironwood Investment Counsel LLC lifted its holdings in Comcast by 0.5% in the second quarter. Ironwood Investment Counsel LLC now owns 51,524 shares of the cable giant’s stock valued at $2,178,000 after acquiring an additional 243 shares during the period. SevenBridge Financial Group LLC lifted its holdings in Comcast by 0.6% in the second quarter. SevenBridge Financial Group LLC now owns 41,429 shares of the cable giant’s stock valued at $1,752,000 after acquiring an additional 249 shares during the period. Intellectus Partners LLC lifted its holdings in Comcast by 2.8% in the second quarter. Intellectus Partners LLC now owns 9,113 shares of the cable giant’s stock valued at $385,000 after acquiring an additional 251 shares during the period. Finally, Assetmark Inc. lifted its holdings in Comcast by 1.6% in the second quarter. Assetmark Inc. now owns 15,928 shares of the cable giant’s stock valued at $673,000 after acquiring an additional 251 shares during the period. Institutional investors and hedge funds own 82.75% of the company’s stock.
CMCSA has been the subject of several research reports. Citigroup lifted their price target on Comcast from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. ValuEngine downgraded Comcast from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Goldman Sachs Group raised Comcast from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $44.00 to $54.00 in a research note on Wednesday, July 10th. Morgan Stanley lifted their price target on Comcast from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Finally, Raymond James downgraded Comcast from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $25.00 to $21.00 in a research note on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $48.70.
In other Comcast news, Director Kenneth J. Bacon sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $45.03, for a total value of $180,120.00. Following the completion of the transaction, the director now owns 29,603 shares in the company, valued at approximately $1,333,023.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Daniel C. Murdock sold 848 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $44.23, for a total value of $37,507.04. Following the completion of the transaction, the senior vice president now owns 3,419 shares of the company’s stock, valued at approximately $151,222.37. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by insiders.
CMCSA traded up $1.10 during midday trading on Friday, hitting $45.60. The company’s stock had a trading volume of 1,717,059 shares, compared to its average volume of 16,185,189. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.30. The firm has a market cap of $200.48 billion, a P/E ratio of 17.86, a PEG ratio of 1.21 and a beta of 1.08. The firm has a 50-day moving average price of $45.06 and a two-hundred day moving average price of $43.15. Comcast Co. has a 52-week low of $32.61 and a 52-week high of $47.27.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 25th. The cable giant reported $0.78 EPS for the quarter, beating the consensus estimate of $0.75 by $0.03. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The company had revenue of $26.86 billion during the quarter, compared to analysts’ expectations of $27.08 billion. During the same quarter in the previous year, the business earned $0.65 EPS. The firm’s revenue was up 23.6% on a year-over-year basis. On average, equities analysts expect that Comcast Co. will post 3.05 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Tuesday, October 1st. Comcast’s payout ratio is currently 32.94%.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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