Assetmark Inc. Increases Position in Comcast Co. (NASDAQ:CMCSA)

Assetmark Inc. raised its position in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,501,326 shares of the cable giant’s stock after buying an additional 57,848 shares during the period. Assetmark Inc. owned about 0.06% of Comcast worth $104,480,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Fairscale Capital LLC purchased a new stake in Comcast during the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of Comcast during the second quarter worth $27,000. IAG Wealth Partners LLC raised its stake in shares of Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. boosted its holdings in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares during the period. Finally, Archer Investment Corp grew its stake in Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after purchasing an additional 519 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Down 0.6 %

NASDAQ CMCSA opened at $43.91 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $170.04 billion, a P/E ratio of 11.80, a P/E/G ratio of 1.61 and a beta of 1.00. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The firm has a 50-day moving average price of $41.18 and a 200 day moving average price of $39.71.

Comcast (NASDAQ:CMCSAGet Free Report) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Comcast’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.08 earnings per share. Equities research analysts expect that Comcast Co. will post 4.25 EPS for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is currently 33.33%.

Analyst Ratings Changes

A number of research analysts recently issued reports on CMCSA shares. Benchmark reiterated a “buy” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, October 30th. Barclays boosted their target price on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Wednesday. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Finally, Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and an average price target of $46.75.

Get Our Latest Analysis on Comcast

About Comcast

(Free Report)

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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