Marks Group Wealth Management Inc Cuts Position in Comcast Co. (NASDAQ:CMCSA)

Marks Group Wealth Management Inc reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 56,639 shares of the cable giant’s stock after selling 407 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Comcast were worth $2,366,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fiduciary Family Office LLC grew its position in Comcast by 6.0% in the third quarter. Fiduciary Family Office LLC now owns 36,522 shares of the cable giant’s stock worth $1,526,000 after acquiring an additional 2,074 shares in the last quarter. Heritage Investors Management Corp lifted its stake in shares of Comcast by 0.3% in the 3rd quarter. Heritage Investors Management Corp now owns 391,122 shares of the cable giant’s stock valued at $16,337,000 after purchasing an additional 1,263 shares during the last quarter. Hanlon Investment Management Inc. boosted its holdings in shares of Comcast by 9.8% in the 3rd quarter. Hanlon Investment Management Inc. now owns 6,564 shares of the cable giant’s stock worth $274,000 after purchasing an additional 587 shares during the period. Clarity Financial LLC raised its holdings in Comcast by 4.4% during the 3rd quarter. Clarity Financial LLC now owns 21,134 shares of the cable giant’s stock valued at $883,000 after buying an additional 893 shares during the period. Finally, United Advisor Group LLC bought a new stake in Comcast in the third quarter worth $222,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMCSA has been the subject of several analyst reports. Benchmark reissued a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, October 30th. Pivotal Research boosted their price objective on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. Macquarie reiterated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research note on Friday, November 1st. Wells Fargo & Company upped their price target on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Finally, Barclays lifted their price objective on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Comcast presently has an average rating of “Moderate Buy” and an average price target of $46.75.

Comcast Trading Up 0.1 %

Comcast stock opened at $42.56 on Wednesday. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The stock has a market cap of $164.81 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 1.14 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a 50-day moving average of $40.89 and a two-hundred day moving average of $39.62.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter last year, the company posted $1.08 earnings per share. The business’s quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts anticipate that Comcast Co. will post 4.27 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

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.