IFP Advisors Inc Grows Stock Holdings in Comcast Corporation $CMCSA

IFP Advisors Inc grew its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 3.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 42,992 shares of the cable giant’s stock after acquiring an additional 1,332 shares during the period. IFP Advisors Inc’s holdings in Comcast were worth $1,565,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Foster Group Inc. lifted its holdings in shares of Comcast by 4.0% during the second quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock valued at $265,000 after purchasing an additional 282 shares during the last quarter. Clearstead Trust LLC increased its position in shares of Comcast by 5.2% during the first quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock valued at $227,000 after acquiring an additional 305 shares in the last quarter. Webster Bank N. A. increased its position in shares of Comcast by 2.9% during the second quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock valued at $386,000 after acquiring an additional 305 shares in the last quarter. United Asset Strategies Inc. increased its position in shares of Comcast by 2.2% during the first quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock valued at $519,000 after acquiring an additional 308 shares in the last quarter. Finally, Moors & Cabot Inc. increased its position in shares of Comcast by 0.6% during the first quarter. Moors & Cabot Inc. now owns 54,163 shares of the cable giant’s stock valued at $1,999,000 after acquiring an additional 310 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMCSA has been the subject of several analyst reports. Morgan Stanley set a $35.00 price target on shares of Comcast and gave the company an “equal weight” rating in a research report on Tuesday. Benchmark reissued a “buy” rating on shares of Comcast in a research report on Friday, July 18th. Loop Capital reduced their price target on shares of Comcast from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, October 1st. Royal Bank Of Canada began coverage on shares of Comcast in a research report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $39.94.

Comcast Trading Down 2.1%

Shares of Comcast stock opened at $29.46 on Friday. The company’s fifty day simple moving average is $32.48 and its 200-day simple moving average is $33.93. The stock has a market capitalization of $108.77 billion, a PE ratio of 4.87, a P/E/G ratio of 1.74 and a beta of 0.94. Comcast Corporation has a 1-year low of $29.42 and a 1-year 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.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The business had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. As a group, equities analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is currently 21.82%.

About Comcast

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.