Capital Asset Advisory Services LLC Has $2.90 Million Stock Position in Comcast Corporation $CMCSA

Capital Asset Advisory Services LLC lifted its stake in Comcast Corporation (NASDAQ:CMCSA) by 5.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 79,929 shares of the cable giant’s stock after buying an additional 4,291 shares during the period. Capital Asset Advisory Services LLC’s holdings in Comcast were worth $2,904,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Dodge & Cox grew its stake in shares of Comcast by 19.1% in the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after acquiring an additional 15,115,074 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Comcast by 16.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,356,027 shares of the cable giant’s stock worth $1,326,912,000 after purchasing an additional 4,991,891 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Comcast by 2.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock worth $1,240,955,000 after purchasing an additional 926,663 shares during the period. Nuveen LLC bought a new position in Comcast in the first quarter worth $940,015,000. Finally, Harris Associates L P lifted its position in Comcast by 0.5% in the first quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock worth $759,938,000 after purchasing an additional 111,662 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 1.0%

Shares of NASDAQ CMCSA opened at $33.06 on Friday. The stock has a market cap of $122.06 billion, a PE ratio of 5.46, a PEG ratio of 2.00 and a beta of 0.93. The business has a fifty day moving average of $33.79 and a two-hundred day moving average of $34.59. 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 quick ratio of 0.91 and a current ratio of 0.91.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. The company 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 business’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the business earned $1.21 earnings per share. As a group, equities research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s payout ratio is currently 21.82%.

Analysts Set New Price Targets

Several brokerages recently commented on CMCSA. Moffett Nathanson raised their target price on Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, June 12th. Arete Research raised Comcast to a “hold” rating in a research report on Tuesday, July 8th. UBS Group reduced their target price on Comcast from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, August 1st. Citigroup reaffirmed a “buy” rating on shares of Comcast in a research report on Tuesday, August 26th. Finally, Scotiabank raised their target price on Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $40.56.

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.