Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Proquility Private Wealth Partners LLC

Proquility Private Wealth Partners LLC raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 4.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,963 shares of the cable giant’s stock after purchasing an additional 1,973 shares during the quarter. Proquility Private Wealth Partners LLC’s holdings in Comcast were worth $1,920,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CMCSA. Capital Investment Advisors LLC grew its stake in Comcast by 4.5% in the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after purchasing an additional 1,550 shares in the last quarter. First Hawaiian Bank grew its holdings in shares of Comcast by 8.9% during the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock valued at $7,513,000 after purchasing an additional 15,664 shares during the last quarter. BNP Paribas bought a new stake in shares of Comcast in the 1st quarter worth approximately $4,117,000. Douglas Lane & Associates LLC boosted its position in Comcast by 0.7% during the 3rd quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock valued at $92,331,000 after purchasing an additional 15,807 shares during the period. Finally, American National Bank & Trust Co. VA bought a new position in Comcast during the 1st quarter worth $426,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. The Goldman Sachs Group started coverage on Comcast in a research report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 target price on the stock. Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. Macquarie restated a “neutral” rating and set a $40.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. Finally, StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Comcast currently has a consensus rating of “Hold” and a consensus price target of $45.55.

Comcast Stock Up 0.1 %

CMCSA stock opened at $42.15 on Wednesday. The firm has a market cap of $165.38 billion, a PE ratio of 11.14, a P/E/G ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a 50 day simple moving average of $40.11 and a 200 day simple moving average of $39.43. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. Comcast’s revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the business posted $1.13 EPS. Equities research analysts forecast that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 2.94%. Comcast’s dividend payout ratio is presently 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.