Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Hardy Reed LLC

Hardy Reed LLC boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 5.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,903 shares of the cable giant’s stock after acquiring an additional 430 shares during the period. Hardy Reed LLC’s holdings in Comcast were worth $330,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Fairscale Capital LLC purchased a new position in Comcast in the 2nd quarter valued at approximately $26,000. Strategic Financial Concepts LLC acquired a new position in Comcast during the 2nd quarter worth $27,000. IAG Wealth Partners LLC increased its holdings in Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after purchasing an additional 522 shares during the period. McClarren Financial Advisors Inc. raised its position in Comcast by 365.4% in 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 in the last quarter. Finally, Archer Investment Corp boosted 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 valued at $32,000 after buying an additional 519 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of CMCSA stock opened at $42.64 on Wednesday. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The company has a market capitalization of $163.16 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00. 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 has a fifty day simple moving average of $42.13 and a 200-day simple moving average of $40.11.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period in the prior year, the company posted $1.08 EPS. Comcast’s quarterly revenue was up 6.5% on a year-over-year basis. Equities research analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm 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 dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.91%. Comcast’s dividend payout ratio (DPR) is 33.33%.

Wall Street Analyst Weigh In

Several brokerages have commented on CMCSA. Macquarie increased their price target on shares of Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Pivotal Research upped their target price on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Benchmark restated a “buy” rating and set a $60.00 target price on shares of Comcast in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company upped their price target on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating 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, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and a consensus 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.