FSM Wealth Advisors LLC lifted its holdings in Comcast Co. (NASDAQ:CMCSA – Free Report) by 10.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,541 shares of the cable giant’s stock after purchasing an additional 1,387 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Comcast were worth $611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently modified their holdings of the business. Lavaca Capital LLC grew its holdings in shares of Comcast by 6.3% in the first quarter. Lavaca Capital LLC now owns 6,910 shares of the cable giant’s stock worth $271,000 after acquiring an additional 409 shares during the period. Empower Advisory Group LLC bought a new stake in shares of Comcast in the first quarter worth $70,112,000. Berkeley Capital Partners LLC grew its holdings in shares of Comcast by 25.5% in the first quarter. Berkeley Capital Partners LLC now owns 25,833 shares of the cable giant’s stock worth $979,000 after acquiring an additional 5,245 shares during the period. Foundations Investment Advisors LLC grew its holdings in shares of Comcast by 8.4% in the first quarter. Foundations Investment Advisors LLC now owns 54,028 shares of the cable giant’s stock worth $2,048,000 after acquiring an additional 4,202 shares during the period. Finally, Founders Capital Management grew its holdings in shares of Comcast by 2.7% in the second quarter. Founders Capital Management now owns 13,271 shares of the cable giant’s stock worth $551,000 after acquiring an additional 344 shares during the period. Hedge funds and other institutional investors own 82.85% of the company’s stock.
Wall Street Analyst Weigh In
CMCSA has been the subject of several recent analyst reports. Argus upped their price target on Comcast from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Bank of America upped their price target on Comcast from $49.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Morgan Stanley upped their price target on Comcast from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, July 24th. TD Cowen upped their price target on Comcast from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Finally, Wells Fargo & Company increased their target price on Comcast from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, July 28th. Seven investment 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 company’s stock. Based on data from MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and an average price target of $47.88.
Comcast Stock Performance
Shares of Comcast stock traded up $0.45 on Monday, reaching $45.79. 4,725,280 shares of the stock were exchanged, compared to its average volume of 18,766,326. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.12. Comcast Co. has a twelve month low of $28.39 and a twelve month high of $47.46. The firm has a market capitalization of $188.89 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 1.27 and a beta of 0.99. The business has a 50 day moving average price of $44.84 and a two-hundred day moving average price of $41.06.
Comcast (NASDAQ:CMCSA – Get Free Report) last released its earnings results on Thursday, July 27th. The cable giant reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. The firm had revenue of $30.51 billion during the quarter, compared to the consensus estimate of $30.11 billion. Comcast had a return on equity of 19.79% and a net margin of 5.40%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 earnings per share. Analysts anticipate that Comcast Co. will post 3.81 earnings per share for the current fiscal year.
Comcast Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.53%. The ex-dividend date is Tuesday, October 3rd. Comcast’s dividend payout ratio is currently 73.42%.
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.
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