Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,032 shares of the cable giant’s stock after buying an additional 230 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Comcast were worth $1,621,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Trinity Legacy Partners LLC acquired a new stake in shares of Comcast in the 3rd quarter valued at approximately $3,068,000. Measured Wealth Private Client Group LLC lifted its holdings in shares of Comcast by 37.4% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 12,068 shares of the cable giant’s stock valued at $558,000 after buying an additional 3,285 shares during the period. Raymond James Trust N.A. raised its holdings in Comcast by 2.5% during the third quarter. Raymond James Trust N.A. now owns 435,101 shares of the cable giant’s stock worth $20,128,000 after purchasing an additional 10,572 shares during the last quarter. Ridgewood Investments LLC raised its holdings in Comcast by 2.1% during the third quarter. Ridgewood Investments LLC now owns 17,365 shares of the cable giant’s stock worth $803,000 after purchasing an additional 363 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. raised its holdings in Comcast by 20.0% during the third quarter. Steigerwald Gordon & Koch Inc. now owns 7,386 shares of the cable giant’s stock worth $342,000 after purchasing an additional 1,231 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on CMCSA shares. Citigroup lifted their price objective on Comcast from $49.00 to $52.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley lifted their price objective on Comcast from $49.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday. Barclays lifted their price objective on Comcast from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday. ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a report on Wednesday, September 9th. Finally, Pivotal Research lifted their price objective on Comcast from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, September 16th. Nine research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Comcast has a consensus rating of “Buy” and an average target price of $50.18.
Shares of NASDAQ:CMCSA traded up $0.45 during midday trading on Friday, reaching $45.56. The company’s stock had a trading volume of 13,361,955 shares, compared to its average volume of 22,320,676. The business has a 50 day moving average price of $45.21 and a 200 day moving average price of $41.02. Comcast Co. has a 1 year low of $31.70 and a 1 year high of $47.74. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.25. The firm has a market cap of $208.12 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 1.91 and a beta of 0.93.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 30th. The cable giant reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.14. Comcast had a return on equity of 16.66% and a net margin of 10.91%. The firm had revenue of $23.72 billion during the quarter, compared to the consensus estimate of $23.56 billion. During the same quarter in the previous year, the business earned $0.78 earnings per share. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. Sell-side analysts anticipate that Comcast Co. will post 2.47 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Tuesday, October 6th. Comcast’s dividend payout ratio (DPR) is presently 29.39%.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, wireless, and security and automation services to residential and business customers under the Xfinity brand; and advertising services.
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