Howe & Rusling Inc. Reduces Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Howe & Rusling Inc. lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 7.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,505 shares of the cable giant’s stock after selling 696 shares during the quarter. Howe & Rusling Inc.’s holdings in Comcast were worth $355,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fairscale Capital LLC purchased a new position in Comcast in the second quarter valued at about $26,000. Strategic Financial Concepts LLC acquired a new position in shares of Comcast in the 2nd quarter valued at approximately $27,000. IAG Wealth Partners LLC boosted its stake in shares of 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 buying an additional 522 shares during the last quarter. McClarren Financial Advisors Inc. grew its position in shares of Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after buying an additional 570 shares in the last quarter. Finally, Archer Investment Corp increased its stake in shares of Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after buying an additional 519 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Macquarie raised their price objective on shares of Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday. KeyCorp lifted their price target on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Pivotal Research upped their price objective on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Benchmark restated a “buy” rating and set a $60.00 price objective on shares of Comcast in a research note on Tuesday. 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.19.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $42.99 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm’s 50 day moving average is $41.82 and its two-hundred day moving average is $39.97. The firm has a market capitalization of $164.50 billion, a P/E ratio of 11.56, a PEG ratio of 1.63 and a beta of 1.00. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its earnings results 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 return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the previous year, the business earned $1.08 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given 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 dividend yield of 2.88%. Comcast’s dividend payout ratio (DPR) is 33.33%.

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.