Regent Peak Wealth Advisors LLC Purchases 257 Shares of Comcast Co. (NASDAQ:CMCSA)

Regent Peak Wealth Advisors LLC increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,445 shares of the cable giant’s stock after acquiring an additional 257 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Comcast were worth $353,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CMCSA. Steph & Co. raised its position in shares of Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 371 shares during the last quarter. Fairscale Capital LLC purchased a new position in shares of Comcast in the second quarter worth $26,000. Strategic Financial Concepts LLC acquired a new stake in shares of Comcast during the second quarter worth $27,000. IAG Wealth Partners LLC grew its holdings in shares of Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after buying an additional 522 shares during the last quarter. Finally, Archer Investment Corp increased its position 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 acquiring an additional 519 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

CMCSA traded up $0.19 on Wednesday, hitting $42.30. 3,604,787 shares of the company’s stock were exchanged, compared to its average volume of 19,592,707. The firm has a 50-day moving average price of $40.11 and a 200-day moving average price of $39.43. The stock has a market cap of $165.97 billion, a price-to-earnings ratio of 11.26, a P/E/G ratio of 1.10 and a beta of 1.01. 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 Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $29.69 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm earned $1.13 EPS. As a group, equities analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s payout ratio is currently 32.80%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. KeyCorp dropped their price objective on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Wednesday, July 24th. Pivotal Research lowered their price target on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, Barclays reduced their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $45.55.

About Comcast

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.