One Charles Private Wealth Services LLC Makes New $276,000 Investment in Comcast Co. (NASDAQ:CMCSA)

One Charles Private Wealth Services LLC bought a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 4,836 shares of the cable giant’s stock, valued at approximately $276,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wagner Wealth Management LLC acquired a new position in shares of Comcast in the first quarter valued at approximately $28,000. Newton One Investments LLC acquired a new position in shares of Comcast in the second quarter valued at approximately $28,000. Lumature Wealth Partners LLC acquired a new position in shares of Comcast in the first quarter valued at approximately $31,000. Baron Financial Group LLC boosted its holdings in Comcast by 688.6% in the second quarter. Baron Financial Group LLC now owns 552 shares of the cable giant’s stock valued at $31,000 after acquiring an additional 482 shares during the last quarter. Finally, Axiom Investment Management LLC bought a new stake in Comcast in the first quarter valued at approximately $37,000. 82.49% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently commented on CMCSA. Morgan Stanley upped their target price on Comcast from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, July 30th. Truist upped their target price on Comcast from $65.00 to $70.00 and gave the company a “buy” rating in a report on Friday, July 30th. Benchmark upped their target price on Comcast from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, July 12th. Redburn Partners began coverage on Comcast in a report on Friday, June 25th. They issued a “buy” rating and a $70.00 target price on the stock. Finally, Raymond James upped their target price on Comcast from $63.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, July 9th. One equities research analyst has rated the stock with a sell rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $64.93.

Shares of NASDAQ:CMCSA traded up $1.05 during trading on Wednesday, reaching $56.64. 377,344 shares of the stock were exchanged, compared to its average volume of 16,353,840. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.92 and a quick ratio of 0.92. Comcast Co. has a 1-year low of $40.97 and a 1-year high of $61.80. The stock has a fifty day moving average of $58.89 and a two-hundred day moving average of $57.00. The firm has a market cap of $259.96 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 1.20 and a beta of 1.02.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 29th. The cable giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.17. The business had revenue of $28.55 billion during the quarter, compared to analyst estimates of $27.14 billion. Comcast had a return on equity of 14.15% and a net margin of 11.44%. Sell-side analysts forecast that Comcast Co. will post 3.14 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 27th. Investors of record on Wednesday, October 6th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Tuesday, October 5th. Comcast’s payout ratio is currently 38.31%.

Comcast Profile

Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.

See Also: Green Investing

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.