Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Tyler Stone Wealth Management

Tyler Stone Wealth Management raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 114.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,222 shares of the cable giant’s stock after purchasing an additional 2,786 shares during the period. Tyler Stone Wealth Management’s holdings in Comcast were worth $218,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Fairscale Capital LLC bought a new stake in shares of Comcast during the 2nd quarter worth about $26,000. Strategic Financial Concepts LLC acquired a new stake in Comcast in the second quarter worth approximately $27,000. IAG Wealth Partners LLC boosted its stake in Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. increased its position in shares of Comcast by 365.4% during the 3rd 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 raised its stake in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after buying an additional 519 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CMCSA. KeyCorp lifted their target price on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report 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 note on Friday, November 1st. Macquarie reissued a “neutral” rating and set a $40.00 target price on shares of Comcast in a research note on Friday, November 1st. Barclays lifted their price target on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, Pivotal Research increased their price objective on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.75.

Comcast Trading Up 0.7 %

NASDAQ:CMCSA opened at $44.20 on Tuesday. The company has a market capitalization of $169.13 billion, a P/E ratio of 11.88, a P/E/G ratio of 1.66 and a beta of 1.00. The stock’s 50 day moving average price is $41.18 and its 200 day moving average price is $39.70. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. 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. The business had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Comcast’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.08 EPS. On average, research analysts forecast that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is 33.33%.

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.