Fiduciary Group LLC Acquires 9,156 Shares of Comcast Co. (NASDAQ:CMCSA)

Fiduciary Group LLC grew its holdings in Comcast Co. (NASDAQ:CMCSAGet Rating) by 3.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 263,214 shares of the cable giant’s stock after acquiring an additional 9,156 shares during the period. Comcast accounts for 1.3% of Fiduciary Group LLC’s portfolio, making the stock its 21st largest holding. Fiduciary Group LLC’s holdings in Comcast were worth $10,371,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CMCSA. Destiny Wealth Partners LLC raised its position in shares of Comcast by 31.9% during the 2nd quarter. Destiny Wealth Partners LLC now owns 1,133 shares of the cable giant’s stock valued at $44,000 after purchasing an additional 274 shares during the period. WFA of San Diego LLC purchased a new position in Comcast during the second quarter valued at $46,000. Albion Financial Group UT grew its stake in Comcast by 550.0% during the first quarter. Albion Financial Group UT now owns 1,027 shares of the cable giant’s stock valued at $48,000 after acquiring an additional 869 shares in the last quarter. Urban Wealth Management LLC purchased a new position in Comcast during the second quarter valued at $48,000. Finally, Better Money Decisions LLC purchased a new position in Comcast during the second quarter valued at $50,000. 82.80% of the stock is currently owned by institutional investors.

Comcast Stock Performance

Shares of CMCSA traded up $0.43 during trading hours on Thursday, hitting $35.53. The stock had a trading volume of 17,890,502 shares, compared to its average volume of 26,542,070. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a 50-day moving average price of $31.77 and a 200 day moving average price of $36.94. Comcast Co. has a fifty-two week low of $28.39 and a fifty-two week high of $53.31. The firm has a market capitalization of $153.61 billion, a price-to-earnings ratio of 30.90, a PEG ratio of 0.75 and a beta of 0.99.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 25th. Investors of record on Wednesday, January 4th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Tuesday, January 3rd. Comcast’s dividend payout ratio is currently 93.91%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CMCSA. Daiwa Capital Markets cut their target price on shares of Comcast to $36.00 in a research note on Tuesday, November 1st. Redburn Partners cut shares of Comcast from a “buy” rating to a “neutral” rating in a research note on Friday, August 5th. Wolfe Research dropped their price objective on shares of Comcast from $39.00 to $33.00 and set an “underperform” rating for the company in a research note on Thursday, September 29th. Benchmark lowered their target price on shares of Comcast from $60.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, September 28th. Finally, Wells Fargo & Company lowered their target price on shares of Comcast from $36.00 to $30.00 and set an “underweight” rating for the company in a report on Tuesday, October 4th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Comcast presently has a consensus rating of “Hold” and a consensus target price of $44.52.

Comcast Company Profile

(Get Rating)

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

Featured Stories

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSAGet Rating).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.