Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Keyes Stange & Wooten Wealth Management LLC

Keyes Stange & Wooten Wealth Management LLC raised its position in Comcast Co. (NASDAQ:CMCSA) by 3.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,346 shares of the cable giant’s stock after purchasing an additional 513 shares during the quarter. Keyes Stange & Wooten Wealth Management LLC’s holdings in Comcast were worth $641,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nicolet Advisory Services LLC lifted its holdings in Comcast by 4.0% during the 3rd quarter. Nicolet Advisory Services LLC now owns 30,684 shares of the cable giant’s stock worth $1,252,000 after buying an additional 1,170 shares in the last quarter. Meridian Wealth Management LLC increased its position in shares of Comcast by 94.8% during the third quarter. Meridian Wealth Management LLC now owns 14,325 shares of the cable giant’s stock worth $598,000 after acquiring an additional 6,972 shares during the period. Nwam LLC purchased a new stake in shares of Comcast during the third quarter worth $1,301,000. Icon Wealth Advisors LLC raised its stake in shares of Comcast by 257.4% in the third quarter. Icon Wealth Advisors LLC now owns 49,736 shares of the cable giant’s stock valued at $2,077,000 after acquiring an additional 35,820 shares in the last quarter. Finally, GM Advisory Group LLC boosted its holdings in Comcast by 5.3% in the third quarter. GM Advisory Group LLC now owns 10,942 shares of the cable giant’s stock valued at $457,000 after purchasing an additional 547 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Down 0.1 %

CMCSA stock opened at $43.47 on Friday. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The company has a fifty day moving average of $41.98 and a 200-day moving average of $40.03. The stock has a market capitalization of $166.34 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period last year, the firm earned $1.08 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, analysts expect that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.85%. Comcast’s payout ratio is 33.33%.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of recent research reports. Pivotal Research lifted their price target on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their target price on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company lifted their price target on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Finally, Macquarie raised their target price on Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Comcast has a consensus rating of “Moderate Buy” and an average price target of $47.19.

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.