Comcast Co. (NASDAQ:CMCSA) Shares Bought by Procyon Advisors LLC

Procyon Advisors LLC grew its position in Comcast Co. (NASDAQ:CMCSA) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 158,177 shares of the cable giant’s stock after purchasing an additional 3,310 shares during the quarter. Procyon Advisors LLC’s holdings in Comcast were worth $6,607,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CMCSA. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Comcast by 14.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 27,099 shares of the cable giant’s stock worth $1,132,000 after purchasing an additional 3,332 shares during the last quarter. Sound Income Strategies LLC raised its holdings in Comcast by 10.1% during the third quarter. Sound Income Strategies LLC now owns 3,945 shares of the cable giant’s stock worth $165,000 after purchasing an additional 363 shares in the last quarter. Douglas Lane & Associates LLC raised its holdings in Comcast by 0.7% during the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after purchasing an additional 15,807 shares in the last quarter. CVA Family Office LLC lifted its position in shares of Comcast by 3.5% during the 3rd quarter. CVA Family Office LLC now owns 24,925 shares of the cable giant’s stock worth $1,041,000 after buying an additional 836 shares during the last quarter. Finally, Koshinski Asset Management Inc. grew its position in shares of Comcast by 0.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after buying an additional 249 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Comcast stock opened at $41.29 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The firm’s 50-day simple moving average is $39.99 and its 200 day simple moving average is $39.45. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The firm has a market capitalization of $162.01 billion, a PE ratio of 10.92, a P/E/G ratio of 1.10 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. Comcast’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.13 EPS. On average, equities research analysts predict that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.00%. Comcast’s payout ratio is currently 32.80%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of research reports. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Macquarie restated a “neutral” rating and set a $40.00 target price on shares of Comcast in a research report on Wednesday, July 24th. KeyCorp reduced their price target on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. The Goldman Sachs Group began coverage on shares of Comcast in a research report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective on the stock. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $45.55.

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.