J.W. Cole Advisors Inc. Raises Stock Position in Comcast Co. (NASDAQ:CMCSA)

J.W. Cole Advisors Inc. increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 38.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 86,468 shares of the cable giant’s stock after acquiring an additional 23,921 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Comcast were worth $3,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in CMCSA. Gilbert & Cook Inc. raised its holdings in shares of Comcast by 10.3% during the fourth quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock worth $685,000 after purchasing an additional 1,459 shares during the last quarter. Gryphon Financial Partners LLC raised its holdings in shares of Comcast by 71.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 50,539 shares of the cable giant’s stock worth $2,451,000 after purchasing an additional 21,112 shares during the last quarter. Jump Financial LLC acquired a new stake in Comcast during the fourth quarter valued at $800,000. Meridian Wealth Management LLC grew its position in Comcast by 4.3% during the fourth quarter. Meridian Wealth Management LLC now owns 13,317 shares of the cable giant’s stock valued at $584,000 after buying an additional 547 shares during the period. Finally, Navellier & Associates Inc. acquired a new stake in Comcast during the fourth quarter valued at $203,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA opened at $39.55 on Friday. The firm has a market capitalization of $153.16 billion, a PE ratio of 10.46, a PEG ratio of 1.03 and a beta of 1.01. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The firm’s 50-day moving average price is $39.36 and its 200 day moving average price is $39.74. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16.

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

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Wall Street Analyst Weigh In

CMCSA has been the topic of several analyst reports. The Goldman Sachs Group initiated coverage on shares of Comcast in a research report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target on the stock. Barclays dropped their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. 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. BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target on the stock. in a research report on Tuesday, June 11th. Finally, Macquarie restated a “neutral” rating and set a $40.00 price target on shares of Comcast in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.