Reston Wealth Management LLC Invests $35,000 in Comcast Co. (NASDAQ:CMCSA)

Reston Wealth Management LLC bought a new position in Comcast Co. (NASDAQ:CMCSA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 837 shares of the cable giant’s stock, valued at approximately $35,000.

Several other institutional investors and hedge funds have also modified their holdings of CMCSA. Koshinski Asset Management Inc. increased its holdings in Comcast by 0.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after acquiring an additional 249 shares during the period. Regent Peak Wealth Advisors LLC grew its stake in Comcast by 3.1% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after buying an additional 257 shares in the last quarter. Abich Financial Wealth Management LLC boosted its stake in shares of Comcast by 4.7% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after purchasing an additional 260 shares in the last quarter. Greenwich Wealth Management LLC boosted its stake in shares of Comcast by 2.7% in the 2nd quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock valued at $382,000 after purchasing an additional 261 shares in the last quarter. Finally, Saxon Interests Inc. boosted its position in Comcast by 2.0% during the 3rd quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock valued at $566,000 after buying an additional 262 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

NASDAQ:CMCSA opened at $43.56 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The firm’s fifty day simple moving average is $40.80 and its 200 day simple moving average is $39.58. The firm has a market capitalization of $168.69 billion, a PE ratio of 11.59, a PEG ratio of 1.11 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter last year, the company posted $1.08 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Comcast Co. will post 4.24 EPS for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued 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 yield of 2.85%. Comcast’s payout ratio is 32.98%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $47.75 to $48.00 in a research report on Friday. Benchmark restated a “buy” rating and set a $55.00 price objective on shares of Comcast in a research report on Wednesday. Barclays dropped their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Finally, Pivotal Research increased their target price on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $46.63.

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.