Philip James Wealth Mangement LLC Acquires Shares of 10,750 Comcast Co. (NASDAQ:CMCSA)

Philip James Wealth Mangement LLC bought a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the third quarter, HoldingsChannel reports. The institutional investor bought 10,750 shares of the cable giant’s stock, valued at approximately $449,000.

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

Comcast Price Performance

Shares of NASDAQ CMCSA traded down $0.41 during trading on Friday, hitting $43.78. The company had a trading volume of 2,351,502 shares, compared to its average volume of 19,638,330. The company has a market cap of $169.54 billion, a P/E ratio of 11.88, a PEG ratio of 1.61 and a beta of 1.00. 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 business’s 50-day moving average is $41.00 and its 200 day moving average is $39.66. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $31.78 billion. During the same quarter last year, the company posted $1.08 EPS. Comcast’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities research analysts predict that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.83%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Analyst Ratings Changes

CMCSA has been the subject of several recent analyst reports. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Wednesday. Benchmark reissued a “buy” rating and issued a $55.00 price objective on shares of Comcast in a report on Wednesday, October 30th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. TD Cowen lowered their price target on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Barclays upped their price objective on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

Comcast 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.