Larson Financial Group LLC Has $826,000 Stake in Comcast Co. (NASDAQ:CMCSA)

Larson Financial Group LLC increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 24.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,783 shares of the cable giant’s stock after purchasing an additional 3,927 shares during the quarter. Larson Financial Group LLC’s holdings in Comcast were worth $826,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Dimensional Fund Advisors LP raised its position in Comcast by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock valued at $1,500,722,000 after acquiring an additional 1,000,626 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Comcast by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant’s stock worth $1,331,192,000 after purchasing an additional 416,759 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its stake in shares of Comcast by 5.4% in the third quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock worth $667,620,000 after buying an additional 822,936 shares during the last quarter. First Pacific Advisors LP boosted its holdings in shares of Comcast by 2.1% during the 2nd quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock worth $423,633,000 after buying an additional 219,894 shares during the period. Finally, Van ECK Associates Corp grew its stake in Comcast by 7.8% in the 2nd quarter. Van ECK Associates Corp now owns 9,886,479 shares of the cable giant’s stock valued at $387,155,000 after buying an additional 713,330 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CMCSA shares. TD Cowen dropped their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Macquarie raised their target price on Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Wells Fargo & Company raised their price objective 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, Pivotal Research upped their target price on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.19.

Comcast Stock Performance

NASDAQ CMCSA opened at $43.20 on Tuesday. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The company has a 50 day moving average of $42.06 and a 200-day moving average of $40.08. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market cap of $165.31 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.64 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion during 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 was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $1.08 EPS. On average, equities analysts forecast that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.87%. Comcast’s dividend payout ratio (DPR) is 33.33%.

Comcast 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.