11,029 Shares in Comcast Co. (NASDAQ:CMCSA) Acquired by Ground Swell Capital LLC

Ground Swell Capital LLC purchased a new position in Comcast Co. (NASDAQ:CMCSA) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 11,029 shares of the cable giant’s stock, valued at approximately $461,000.

A number of other hedge funds have also recently modified their holdings of the business. Fairscale Capital LLC bought a new position in shares of Comcast in the second quarter worth approximately $26,000. McClarren Financial Advisors Inc. raised its holdings in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares during the period. Iron Horse Wealth Management LLC lifted its position in shares of Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 522 shares in the last quarter. IAG Wealth Partners LLC boosted its stake in shares of Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after acquiring an additional 522 shares during the period. Finally, Archer Investment Corp lifted its holdings in Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after purchasing an additional 519 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.3 %

NASDAQ:CMCSA opened at $43.56 on Monday. The firm has a market cap of $168.69 billion, a P/E ratio of 11.71, a P/E/G ratio of 1.15 and a beta of 1.00. The firm has a 50-day simple moving average of $40.80 and a 200-day simple moving average of $39.58. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.66 and a current ratio of 0.72. Comcast Co. has a one year low of $36.43 and a one year high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.08 EPS. Equities analysts anticipate that Comcast Co. will post 4.24 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CMCSA shares. Macquarie reaffirmed a “neutral” rating and set a $40.00 target price on shares of Comcast in a research note on Friday. TD Cowen cut their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday. KeyCorp upped their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday. Barclays dropped their price objective on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. Finally, Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $47.75 to $48.00 in a research report on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $46.63.

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.