Comcast Co. (NASDAQ:CMCSA) Stake Increased by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC increased its stake in Comcast Co. (NASDAQ:CMCSA) by 6.3% in the third quarter, Holdings Channel reports. The institutional investor owned 10,130 shares of the cable giant’s stock after acquiring an additional 600 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Comcast were worth $457,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Krane Funds Advisors LLC bought a new stake in Comcast during the second quarter valued at $25,000. Evolution Wealth Advisors LLC bought a new stake in Comcast during the second quarter worth approximately $26,000. Mackey Komara & Dankovich LLC boosted its position in Comcast by 52.2% during the second quarter. Mackey Komara & Dankovich LLC now owns 1,032 shares of the cable giant’s stock worth $29,000 after purchasing an additional 354 shares during the period. Bray Capital Advisors bought a new stake in shares of Comcast in the second quarter valued at approximately $30,000. Finally, Litman Gregory Asset Management LLC bought a new stake in shares of Comcast in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 82.75% of the company’s stock.

Shares of NASDAQ CMCSA traded up $0.14 during trading hours on Thursday, reaching $44.52. The stock had a trading volume of 986,498 shares, compared to its average volume of 16,344,698. The business’s fifty day moving average is $45.05 and its two-hundred day moving average is $43.13. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market cap of $202.66 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.23 and a beta of 1.08. Comcast Co. has a twelve month low of $32.61 and a twelve month high of $47.27.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 25th. The cable giant reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. The business had revenue of $26.86 billion during the quarter, compared to analyst estimates of $27.08 billion. Comcast had a return on equity of 17.50% and a net margin of 11.64%. Comcast’s revenue was up 23.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. Sell-side analysts forecast that Comcast Co. will post 3.05 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a $0.21 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.89%. Comcast’s payout ratio is 32.94%.

In other Comcast news, Director Kenneth J. Bacon sold 4,000 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $45.03, for a total transaction of $180,120.00. Following the completion of the transaction, the director now directly owns 29,603 shares in the company, valued at $1,333,023.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Daniel C. Murdock sold 848 shares of the stock in a transaction 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 transaction, the senior vice president now owns 3,419 shares of the company’s stock, valued at $151,222.37. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

Several research firms have recently weighed in on CMCSA. Raymond James cut Comcast from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $25.00 to $21.00 in a research report on Friday, June 14th. Benchmark began coverage on Comcast in a research report on Wednesday, September 25th. They issued a “buy” rating and a $64.00 price objective for the company. Oppenheimer raised Comcast from a “market perform” rating to an “outperform” rating and set a $54.00 price objective for the company in a research report on Thursday, September 5th. Rosenblatt Securities began coverage on Comcast in a research report on Friday, June 14th. They issued a “buy” rating and a $50.00 price objective for the company. Finally, Pivotal Research increased their price objective on Comcast from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $48.70.

Comcast 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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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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