Bernardo Wealth Planning LLC raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 33.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,833 shares of the cable giant’s stock after purchasing an additional 3,952 shares during the quarter. Bernardo Wealth Planning LLC’s holdings in Comcast were worth $732,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in CMCSA. Rockbridge Investment Management LCC purchased a new position in Comcast in the 2nd quarter worth about $29,000. Asset Advisors Investment Management LLC purchased a new position in shares of Comcast in the 2nd quarter worth approximately $32,000. Evolution Wealth Advisors LLC boosted its stake in Comcast by 68.5% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 841 shares of the cable giant’s stock worth $33,000 after purchasing an additional 342 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in Comcast in the 2nd quarter worth approximately $33,000. Finally, Campbell Wealth Management acquired a new position in shares of Comcast in the 2nd quarter valued at $39,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.
In related news, CEO Jeff Shell sold 99,484 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $42.91, for a total transaction of $4,268,858.44. Insiders own 1.35% of the company’s stock.
Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Comcast from $47.00 to $53.00 in a research note on Monday, August 3rd. BidaskClub lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 3rd. Sanford C. Bernstein raised shares of Comcast from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $48.00 to $52.00 in a report on Wednesday, July 1st. Citigroup upped their price objective on shares of Comcast from $49.00 to $52.00 and gave the company a “buy” rating in a report on Friday, October 16th. Finally, Credit Suisse Group upped their target price on shares of Comcast from $50.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, September 23rd. Nine research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $49.55.
NASDAQ CMCSA opened at $44.63 on Monday. The firm has a market capitalization of $205.84 billion, a P/E ratio of 18.10, a P/E/G ratio of 1.84 and a beta of 0.93. Comcast Co. has a 1-year low of $31.70 and a 1-year high of $47.74. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.97 and a quick ratio of 0.97. The business’s 50-day simple moving average is $45.25 and its 200-day simple moving average is $41.40.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 30th. The cable giant reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.14. The business had revenue of $23.72 billion for the quarter, compared to analyst estimates of $23.56 billion. Comcast had a return on equity of 16.66% and a net margin of 10.91%. The company’s revenue was down 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS. On average, equities research analysts expect that Comcast Co. will post 2.47 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.06%. The ex-dividend date is Tuesday, October 6th. Comcast’s dividend payout ratio (DPR) is presently 29.39%.
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, wireless, and security and automation services to residential and business customers under the Xfinity brand; and advertising services.
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