Buckley Wealth Management LLC Purchases 6,876 Shares of Comcast Co. (NASDAQ:CMCSA)

Buckley Wealth Management LLC raised its position in Comcast Co. (NASDAQ:CMCSA) by 71.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,554 shares of the cable giant’s stock after acquiring an additional 6,876 shares during the quarter. Buckley Wealth Management LLC’s holdings in Comcast were worth $688,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Kalos Management Inc. purchased a new stake in Comcast in the first quarter worth about $28,000. NewSquare Capital LLC increased its position in Comcast by 134.3% in the first quarter. NewSquare Capital LLC now owns 752 shares of the cable giant’s stock worth $29,000 after buying an additional 431 shares in the last quarter. GW&K Investment Management LLC purchased a new stake in Comcast in the first quarter worth about $29,000. Fortis Capital Advisors LLC purchased a new stake in shares of Comcast during the fourth quarter worth about $29,000. Finally, Ruedi Wealth Management Inc. purchased a new stake in shares of Comcast during the fourth quarter worth about $33,000. Institutional investors own 82.85% of the company’s stock.

Comcast Stock Up 0.7 %

Shares of NASDAQ:CMCSA traded up $0.33 on Monday, reaching $45.67. The company had a trading volume of 2,707,079 shares, compared to its average volume of 18,754,936. Comcast Co. has a 52-week low of $28.39 and a 52-week high of $47.46. The firm’s 50 day simple moving average is $44.84 and its 200-day simple moving average is $41.06. The firm has a market capitalization of $188.39 billion, a PE ratio of 28.70, a PEG ratio of 1.25 and a beta of 0.99. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.12.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 27th. The cable giant reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. Comcast had a return on equity of 19.79% and a net margin of 5.40%. The business had revenue of $30.51 billion for the quarter, compared to the consensus estimate of $30.11 billion. During the same period last year, the business posted $1.01 EPS. The business’s revenue was up 1.7% compared to the same quarter last year. As a group, analysts expect that Comcast Co. will post 3.81 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $1.16 annualized dividend and a yield of 2.54%. Comcast’s dividend payout ratio (DPR) is 73.42%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several research analyst reports. Bank of America increased their target price on Comcast from $49.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Wells Fargo & Company raised their price target on Comcast from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, July 28th. Morgan Stanley raised their price target on Comcast from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, July 24th. Citigroup raised their price target on Comcast from $47.00 to $51.00 and gave the company a “buy” rating in a report on Tuesday, August 1st. Finally, Macquarie upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $46.00 price target for the company in a report on Friday, July 28th. Seven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.88.

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, advertising sales, and Sky channels.