Hantz Financial Services Inc. Takes $14.29 Million Position in Comcast Co. (NASDAQ:CMCSA)

Hantz Financial Services Inc. purchased a new stake in Comcast Co. (NASDAQ:CMCSA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 365,007 shares of the cable giant’s stock, valued at approximately $14,294,000.

Other institutional investors have also recently bought and sold shares of the company. Wealthspire Advisors LLC increased its stake in shares of Comcast by 4.8% during the 4th quarter. Wealthspire Advisors LLC now owns 60,650 shares of the cable giant’s stock worth $2,659,000 after purchasing an additional 2,781 shares during the last quarter. Brevan Howard Capital Management LP bought a new position in Comcast in the 4th quarter valued at approximately $2,056,000. Axxcess Wealth Management LLC lifted its stake in Comcast by 10.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 115,503 shares of the cable giant’s stock valued at $5,065,000 after purchasing an additional 10,936 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Comcast by 3.4% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock valued at $495,694,000 after acquiring an additional 368,685 shares during the period. Finally, Concord Wealth Partners increased its position in Comcast by 19.4% in the 4th quarter. Concord Wealth Partners now owns 32,983 shares of the cable giant’s stock valued at $1,446,000 after acquiring an additional 5,351 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $39.57 on Friday. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.30. The company’s 50 day moving average is $39.12 and its 200 day moving average is $39.94. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The company has a market cap of $155.26 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. During the same quarter in the prior year, the firm posted $1.13 EPS. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, sell-side analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.13%. Comcast’s dividend payout ratio (DPR) is 32.80%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CMCSA. Macquarie reiterated a “neutral” rating and set a $40.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Evercore ISI dropped their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. Pivotal Research dropped their price target on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Comcast currently has an average rating of “Hold” and an average target price of $45.78.

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.