Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Naviter Wealth LLC

Naviter Wealth LLC boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 29.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,600 shares of the cable giant’s stock after acquiring an additional 4,969 shares during the period. Naviter Wealth LLC’s holdings in Comcast were worth $846,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CMCSA. Luken Investment Analytics LLC lifted its holdings in shares of Comcast by 258.0% in the 1st quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock worth $25,000 after acquiring an additional 418 shares during the last quarter. Steph & Co. boosted its position in shares of Comcast by 154.6% during the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after buying an additional 371 shares during the period. OLD Point Trust & Financial Services N A acquired a new stake in shares of Comcast in the fourth quarter valued at $28,000. IAG Wealth Partners LLC raised its holdings in shares of Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after buying an additional 522 shares during the period. Finally, Pineridge Advisors LLC acquired a new position in Comcast during the 4th quarter worth about $32,000. 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 recent research reports. Pivotal Research decreased their price target on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Seaport Res Ptn cut Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Barclays reduced their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. Evercore ISI lowered their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. Finally, The Goldman Sachs Group initiated coverage on shares of Comcast in a report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $45.78.

Comcast Stock Performance

Shares of CMCSA opened at $39.50 on Wednesday. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The stock has a market capitalization of $154.98 billion, a P/E ratio of 10.45, a P/E/G ratio of 1.05 and a beta of 1.00. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The company’s fifty day moving average is $39.19 and its two-hundred day moving average is $39.87.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.13 EPS. On average, sell-side analysts predict that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio is currently 32.80%.

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.