Patriot Financial Group Insurance Agency LLC Acquires 3,114 Shares of Comcast Co. (NASDAQ:CMCSA)

Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 6.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 55,293 shares of the cable giant’s stock after purchasing an additional 3,114 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Comcast were worth $2,452,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CMCSA. Ironwood Wealth Management LLC. lifted its stake in Comcast by 2.4% in the first quarter. Ironwood Wealth Management LLC. now owns 15,458 shares of the cable giant’s stock valued at $724,000 after buying an additional 363 shares during the period. United Bank lifted its stake in Comcast by 17.4% in the first quarter. United Bank now owns 37,271 shares of the cable giant’s stock valued at $1,745,000 after buying an additional 5,532 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Comcast by 29.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,063,697 shares of the cable giant’s stock valued at $190,261,000 after buying an additional 928,627 shares during the period. Covestor Ltd raised its position in shares of Comcast by 104.4% during the first quarter. Covestor Ltd now owns 3,472 shares of the cable giant’s stock worth $163,000 after purchasing an additional 1,773 shares during the period. Finally, First Western Trust Bank acquired a new stake in shares of Comcast during the first quarter worth about $482,000. Institutional investors own 82.85% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Rosenblatt Securities raised their price target on Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, December 22nd. Sanford C. Bernstein started coverage on Comcast in a research report on Thursday, October 5th. They issued a “market perform” rating and a $46.00 target price on the stock. Barclays decreased their price target on Comcast from $47.00 to $44.00 and set an “equal weight” rating for the company in a research note on Monday, October 30th. Scotiabank downgraded Comcast from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $50.00 to $49.00 in a research note on Friday, October 27th. Finally, StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and a consensus target price of $49.96.

Check Out Our Latest Stock Analysis on CMCSA

Comcast Stock Performance

Shares of Comcast stock traded up $0.19 during mid-day trading on Thursday, hitting $44.18. 3,806,167 shares of the stock were exchanged, compared to its average volume of 18,724,852. Comcast Co. has a 12 month low of $34.53 and a 12 month high of $47.46. The company has a 50-day simple moving average of $42.55 and a 200 day simple moving average of $43.45. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market capitalization of $177.83 billion, a P/E ratio of 12.24, a P/E/G ratio of 1.07 and a beta of 1.03.

Comcast (NASDAQ:CMCSAGet Free Report) last posted its quarterly earnings results on Thursday, October 26th. The cable giant reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.14. The company had revenue of $30.12 billion for the quarter, compared to analysts’ expectations of $29.69 billion. Comcast had a net margin of 12.54% and a return on equity of 19.97%. Comcast’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 EPS. Sell-side analysts anticipate that Comcast Co. will post 3.94 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.63%. Comcast’s dividend payout ratio (DPR) is currently 32.13%.

About Comcast

(Free Report)

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, advertising sales, and Sky channels.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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