Comcast Corporation (NASDAQ:CMCSA) Shares Bought by Affinity Investment Advisors LLC

Affinity Investment Advisors LLC boosted its position in Comcast Corporation (NASDAQ:CMCSA) by 4.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 42,381 shares of the cable giant’s stock after acquiring an additional 1,721 shares during the period. Comcast comprises approximately 1.3% of Affinity Investment Advisors LLC’s holdings, making the stock its 19th biggest holding. Affinity Investment Advisors LLC’s holdings in Comcast were worth $1,564,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Sculati Wealth Management LLC increased its position in Comcast by 0.9% during the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant’s stock worth $1,156,000 after purchasing an additional 285 shares in the last quarter. Beck Mack & Oliver LLC raised its stake in shares of Comcast by 2.0% in the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant’s stock valued at $583,000 after acquiring an additional 300 shares during the period. Toth Financial Advisory Corp lifted its holdings in shares of Comcast by 9.0% during the 1st quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant’s stock valued at $134,000 after acquiring an additional 300 shares in the last quarter. Clearstead Trust LLC lifted its position in Comcast by 5.2% during the 1st quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock worth $227,000 after acquiring an additional 305 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its holdings in Comcast by 0.6% in the 1st quarter. Moors & Cabot Inc. now owns 54,163 shares of the cable giant’s stock worth $1,999,000 after acquiring an additional 310 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of analyst reports. Morgan Stanley dropped their target price on Comcast from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, August 4th. Oppenheimer cut their price target on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Barclays decreased their price objective on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Citigroup reduced their price target on shares of Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Rothschild & Co Redburn lowered their price objective on Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.73.

Comcast Stock Up 1.7%

CMCSA stock opened at $33.45 on Friday. The company’s 50 day simple moving average is $34.36 and its 200-day simple moving average is $34.77. Comcast Corporation has a 52-week low of $31.03 and a 52-week high of $45.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $123.50 billion, a P/E ratio of 5.53, a P/E/G ratio of 2.01 and a beta of 0.92.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, beating the consensus estimate of $1.18 by $0.07. The business had revenue of $30.31 billion during the quarter, compared to analysts’ expectations of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.21 EPS. As a group, equities research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is currently 21.82%.

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.