Shum Financial Group Inc. Makes New Investment in Comcast Co. (NASDAQ:CMCSA)

Shum Financial Group Inc. bought a new stake in Comcast Co. (NASDAQ:CMCSA) in the 3rd quarter, Holdings Channel.com reports. The fund bought 9,202 shares of the cable giant’s stock, valued at approximately $392,000.

Several other hedge funds have also recently bought and sold shares of CMCSA. Quadrature Capital Ltd acquired a new stake in Comcast in the 1st quarter worth approximately $773,000. Waverly Advisors LLC lifted its stake in shares of Comcast by 16.6% during the first quarter. Waverly Advisors LLC now owns 39,393 shares of the cable giant’s stock valued at $1,708,000 after acquiring an additional 5,602 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in Comcast by 6.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 108,416 shares of the cable giant’s stock valued at $4,807,000 after buying an additional 6,304 shares during the period. Coppell Advisory Solutions Corp. acquired a new stake in shares of Comcast during the first quarter worth about $2,441,000. Finally, Hancock Whitney Corp grew its stake in Comcast by 3.7% in the first quarter. Hancock Whitney Corp now owns 336,880 shares of the cable giant’s stock valued at $14,604,000 after purchasing an additional 11,871 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.6 %

Shares of NASDAQ:CMCSA traded down $0.27 during mid-day trading on Tuesday, hitting $43.20. The company had a trading volume of 23,525,960 shares, compared to its average volume of 19,631,730. The company has a market capitalization of $165.31 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.64 and a beta of 1.00. The firm has a fifty day moving average price of $42.06 and a 200 day moving average price of $40.08. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast Co. has a one year low of $36.43 and a one year high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business earned $1.08 earnings per share. As a group, research analysts forecast that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Evercore ISI raised Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Macquarie lifted their price objective on shares of Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, November 18th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Scotiabank upgraded shares of 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 note on Friday, November 1st. Finally, Pivotal Research raised their price objective on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $47.19.

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.