US Financial Advisors LLC Purchases 420 Shares of Comcast Co. (NASDAQ:CMCSA)

US Financial Advisors LLC increased its position in Comcast Co. (NASDAQ:CMCSA) by 7.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,817 shares of the cable giant’s stock after acquiring an additional 420 shares during the period. US Financial Advisors LLC’s holdings in Comcast were worth $243,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Capital Investment Advisors LLC boosted its stake in shares of Comcast by 4.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after acquiring an additional 1,550 shares during the last quarter. First Hawaiian Bank grew its holdings in Comcast by 8.9% during the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock valued at $7,513,000 after purchasing an additional 15,664 shares during the period. Douglas Lane & Associates LLC increased its position in Comcast by 0.7% in the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after buying an additional 15,807 shares in the last quarter. Wulff Hansen & CO. raised its stake in shares of Comcast by 3,816.0% in the second quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant’s stock worth $21,866,000 after buying an additional 544,123 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in Comcast during the first quarter valued at approximately $773,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA stock opened at $45.14 on Thursday. The company has a market cap of $174.80 billion, a P/E ratio of 12.13, a PEG ratio of 1.14 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s 50-day moving average is $41.00 and its 200 day moving average is $39.66. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.08 earnings per share. Research analysts predict that Comcast Co. will post 4.27 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.75%. Comcast’s payout ratio is 33.33%.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of research reports. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Pivotal Research raised their price target on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their target price on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, TD Cowen lowered their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $46.75.

Comcast Company Profile

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.