Fort L.P. Purchases 894 Shares of Comcast Co. (NASDAQ:CMCSA)

Fort L.P. lifted its position in Comcast Co. (NASDAQ:CMCSA) by 16.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,445 shares of the cable giant’s stock after purchasing an additional 894 shares during the quarter. Fort L.P.’s holdings in Comcast were worth $269,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Fairscale Capital LLC bought a new stake in Comcast during the 2nd quarter worth about $26,000. McClarren Financial Advisors Inc. grew its holdings in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares during the last quarter. Iron Horse Wealth Management LLC grew its holdings in Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after acquiring an additional 522 shares during the last quarter. IAG Wealth Partners LLC grew its holdings in Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after acquiring an additional 522 shares during the last quarter. Finally, Archer Investment Corp grew its holdings in Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after acquiring an additional 519 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of research analyst reports. Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of Comcast in a report on Wednesday. Rosenblatt Securities restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, July 24th. TD Cowen cut 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. Barclays cut their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. Finally, KeyCorp upped their target price on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $46.63.

Comcast Stock Down 0.3 %

NASDAQ CMCSA traded down $0.11 during trading hours on Friday, reaching $43.56. 25,078,455 shares of the company’s stock were exchanged, compared to its average volume of 17,105,508. The company’s 50-day moving average is $40.80 and its two-hundred day moving average is $39.58. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market capitalization of $168.69 billion, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 1.15 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its 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 return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the prior year, the business earned $1.08 EPS. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, analysts forecast that Comcast Co. will post 4.24 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.85%. Comcast’s payout ratio is 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.