Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 3.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 93,889 shares of the cable giant’s stock after buying an additional 3,252 shares during the period. Ritholtz Wealth Management’s holdings in Comcast were worth $3,922,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Steph & Co. raised its stake in shares of Comcast by 154.6% during the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after buying an additional 371 shares during the last quarter. Fairscale Capital LLC acquired a new position in shares of Comcast in the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of Comcast during the 2nd quarter worth about $27,000. IAG Wealth Partners LLC increased its position 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 in the last quarter. Finally, Pineridge Advisors LLC acquired a new position in shares of Comcast during the fourth quarter worth about $32,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on CMCSA. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Macquarie restated a “neutral” rating and set a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. Barclays dropped their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Finally, Evercore ISI reduced their target price on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $45.55.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded up $0.16 during midday trading on Friday, reaching $41.26. The company’s stock had a trading volume of 10,447,759 shares, compared to its average volume of 19,735,881. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market capitalization of $159.78 billion, a P/E ratio of 10.97, a PEG ratio of 1.10 and a beta of 1.01. The firm has a 50 day moving average price of $39.99 and a 200-day moving average price of $39.50. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. During the same period in the previous year, the company posted $1.13 earnings per share. The business’s revenue was down 2.7% on a year-over-year basis. As a group, equities analysts predict 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 dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s payout ratio is presently 32.98%.

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.