McGlone Suttner Wealth Management Inc. Purchases 405 Shares of Comcast Corporation $CMCSA

McGlone Suttner Wealth Management Inc. raised its holdings in Comcast Corporation (NASDAQ:CMCSA) by 4.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,151 shares of the cable giant’s stock after buying an additional 405 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Comcast were worth $362,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Comcast by 62.4% in the second quarter. GAMMA Investing LLC now owns 51,244 shares of the cable giant’s stock valued at $1,829,000 after acquiring an additional 19,684 shares in the last quarter. Foundation Resource Management Inc. purchased a new stake in Comcast in the second quarter worth $7,425,000. U.S. Capital Wealth Advisors LLC grew its stake in Comcast by 50.0% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 59,263 shares of the cable giant’s stock valued at $2,115,000 after purchasing an additional 19,755 shares during the last quarter. Southland Equity Partners LLC boosted its holdings in Comcast by 5.4% in the second quarter. Southland Equity Partners LLC now owns 7,382 shares of the cable giant’s stock worth $263,000 after acquiring an additional 379 shares in the last quarter. Finally, Park Avenue Securities LLC increased its position in shares of Comcast by 2.0% in the second quarter. Park Avenue Securities LLC now owns 83,474 shares of the cable giant’s stock valued at $2,979,000 after buying an additional 1,616 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Down 0.2%

Shares of CMCSA opened at $31.59 on Monday. Comcast Corporation has a 12 month low of $31.03 and a 12 month high of $45.31. The company has a 50-day moving average price of $33.45 and a two-hundred day moving average price of $34.46. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The stock has a market cap of $116.64 billion, a price-to-earnings ratio of 5.22, a P/E/G ratio of 1.89 and a beta of 0.93.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The firm had revenue of $30.31 billion during the quarter, compared to analysts’ expectations of $29.81 billion. During the same quarter in the previous year, the company posted $1.21 EPS. Comcast’s revenue was up 2.1% on a year-over-year basis. Equities analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.2%. Comcast’s dividend payout ratio is presently 21.82%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several research reports. Benchmark reissued a “buy” rating on shares of Comcast in a research note on Friday, July 18th. Arete Research upgraded Comcast to a “hold” rating in a research note on Tuesday, July 8th. Citigroup reissued a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Barclays cut their price target on Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Finally, Scotiabank boosted their price objective on Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a research note on Friday, July 11th. One investment 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. According to data from MarketBeat.com, Comcast has a consensus rating of “Hold” and an average price target of $40.56.

Comcast 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.