Comcast Co. (NASDAQ:CMCSA) Shares Sold by Crumly & Associates Inc.

Crumly & Associates Inc. lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,384 shares of the cable giant’s stock after selling 940 shares during the quarter. Crumly & Associates Inc.’s holdings in Comcast were worth $601,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Fairscale Capital LLC acquired a new position in shares of Comcast in the 2nd quarter valued at $26,000. McClarren Financial Advisors Inc. raised its stake in shares of Comcast by 365.4% in the 3rd 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 raised its stake in shares of Comcast by 220.3% in the 3rd 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 during the period. IAG Wealth Partners LLC raised its stake in shares of Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares during the period. Finally, Archer Investment Corp raised its stake 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. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Pivotal Research lifted their price target on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. KeyCorp lifted their price target on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Barclays lifted their price target on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Wells Fargo & Company lifted their price target on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Finally, StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

Comcast Trading Down 0.6 %

Comcast stock opened at $43.91 on Friday. The firm has a 50-day moving average price of $41.18 and a two-hundred day moving average price of $39.71. The firm has a market capitalization of $170.04 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 1.61 and a beta of 1.00. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the previous year, the business earned $1.08 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Sell-side analysts expect that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 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.