Verus Financial Partners Inc. Acquires 909 Shares of Comcast Corporation $CMCSA

Verus Financial Partners Inc. grew its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 15.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,797 shares of the cable giant’s stock after buying an additional 909 shares during the quarter. Verus Financial Partners Inc.’s holdings in Comcast were worth $242,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisor OS LLC grew its stake in Comcast by 33.2% in the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock worth $1,308,000 after purchasing an additional 8,841 shares in the last quarter. Resona Asset Management Co. Ltd. grew its stake in Comcast by 10.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock worth $47,254,000 after purchasing an additional 118,839 shares in the last quarter. OMNI 360 Wealth Inc. bought a new position in Comcast in the first quarter worth approximately $335,000. DAVENPORT & Co LLC grew its stake in Comcast by 41.7% in the first quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant’s stock worth $157,766,000 after purchasing an additional 1,261,278 shares in the last quarter. Finally, Kestra Investment Management LLC boosted its position in Comcast by 49.5% during the 1st quarter. Kestra Investment Management LLC now owns 71,331 shares of the cable giant’s stock valued at $2,632,000 after acquiring an additional 23,607 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the topic of several recent research reports. Loop Capital dropped their target price on Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday. Bank of America dropped their target price on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday. UBS Group dropped their target price on Comcast from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, August 1st. The Goldman Sachs Group dropped their target price on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, September 24th. Finally, Benchmark reaffirmed a “buy” rating on shares of Comcast in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.07.

Comcast Stock Performance

Shares of CMCSA opened at $30.40 on Friday. Comcast Corporation has a 12 month low of $30.38 and a 12 month high of $45.31. The stock has a fifty day moving average price of $32.79 and a 200-day moving average price of $34.20. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a market cap of $112.24 billion, a PE ratio of 5.02, a P/E/G ratio of 1.81 and a beta of 0.94.

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

Comcast Dividend Announcement

The company 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 is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.3%. Comcast’s dividend payout ratio (DPR) is 21.82%.

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.