Capital Advisors Inc. OK Has $345,000 Holdings in Comcast Co. (NASDAQ:CMCSA)

Capital Advisors Inc. OK decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 4.7% in the 3rd quarter, Holdings Channel reports. The fund owned 8,258 shares of the cable giant’s stock after selling 403 shares during the period. Capital Advisors Inc. OK’s holdings in Comcast were worth $345,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CMCSA. Cambiar Investors LLC lifted its stake in shares of Comcast by 11.8% in the 3rd quarter. Cambiar Investors LLC now owns 1,453,072 shares of the cable giant’s stock valued at $60,695,000 after acquiring an additional 153,069 shares during the last quarter. Hi Line Capital Management LLC acquired a new position in Comcast in the 3rd quarter worth about $9,303,000. Hartford Financial Management Inc. raised its position in Comcast by 3.7% in the third quarter. Hartford Financial Management Inc. now owns 35,854 shares of the cable giant’s stock valued at $1,498,000 after purchasing an additional 1,287 shares during the last quarter. Principal Securities Inc. boosted its stake in shares of Comcast by 4.5% during the third quarter. Principal Securities Inc. now owns 129,230 shares of the cable giant’s stock valued at $5,398,000 after purchasing an additional 5,572 shares in the last quarter. Finally, Reston Wealth Management LLC bought a new stake in shares of Comcast during the third quarter worth about $35,000. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CMCSA. Pivotal Research raised their price objective on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $47.75 to $48.00 in a research note on Friday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday. Macquarie reaffirmed a “neutral” rating and set a $40.00 target price on shares of Comcast in a research report on Friday. Finally, TD Cowen reduced their price target on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.63.

Comcast Trading Down 0.3 %

NASDAQ:CMCSA opened at $43.56 on Friday. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $168.69 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 1.11 and a beta of 1.01. The firm has a fifty day simple moving average of $40.80 and a two-hundred day simple moving average of $39.58.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same period last year, the business posted $1.08 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Analysts expect that Comcast Co. will post 4.24 EPS for the current fiscal year.

Comcast Announces Dividend

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