Financial Gravity Companies Inc. Makes New Investment in Comcast Corporation $CMCSA

Financial Gravity Companies Inc. purchased a new stake in shares of Comcast Corporation (NASDAQ:CMCSA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,464 shares of the cable giant’s stock, valued at approximately $88,000.

Other hedge funds also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC increased its position in Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 671 shares during the period. Cranbrook Wealth Management LLC boosted its stake in shares of Comcast by 86.0% during the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 350 shares in the last quarter. Avalon Trust Co increased its holdings in Comcast by 433.3% during the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after buying an additional 624 shares during the period. Ransom Advisory Ltd bought a new position in Comcast in the first quarter worth approximately $29,000. Finally, Princeton Global Asset Management LLC lifted its holdings in Comcast by 403.5% during the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after buying an additional 686 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of CMCSA stock opened at $27.51 on Monday. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $44.03. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $100.24 billion, a price-to-earnings ratio of 4.58, a PEG ratio of 1.79 and a beta of 0.92. The stock’s 50-day simple moving average is $30.12 and its 200-day simple moving average is $32.86.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The firm had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. As a group, equities analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Wednesday, January 14th. Comcast’s payout ratio is presently 21.96%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CMCSA shares. Loop Capital cut their price target on Comcast from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Benchmark cut their target price on Comcast from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. TD Cowen decreased their price target on shares of Comcast from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Citigroup lowered their price target on shares of Comcast from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, KeyCorp lowered shares of Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $36.12.

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.