Silvant Capital Management LLC Acquires 750 Shares of Comcast Co. (NASDAQ:CMCSA)

Silvant Capital Management LLC raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 32.8% during the third quarter, HoldingsChannel reports. The fund owned 3,038 shares of the cable giant’s stock after purchasing an additional 750 shares during the quarter. Silvant Capital Management LLC’s holdings in Comcast were worth $127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Koshinski Asset Management Inc. raised its holdings in Comcast by 0.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after acquiring an additional 249 shares during the period. Regent Peak Wealth Advisors LLC increased its holdings in shares of Comcast by 3.1% in the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after purchasing an additional 257 shares during the period. Abich Financial Wealth Management LLC increased its holdings in shares of Comcast by 4.7% in the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock worth $243,000 after purchasing an additional 260 shares during the period. Greenwich Wealth Management LLC increased its holdings in shares of Comcast by 2.7% in the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after purchasing an additional 261 shares during the period. Finally, Saxon Interests Inc. increased its holdings in shares of Comcast by 2.0% in the third quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock worth $566,000 after purchasing an additional 262 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ CMCSA opened at $43.56 on Friday. The company has a 50-day simple moving average of $40.80 and a two-hundred day simple moving average of $39.58. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The firm has a market cap of $168.69 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 1.11 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. Comcast’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 earnings per share. On average, equities analysts forecast that Comcast Co. will post 4.24 EPS for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.85%. Comcast’s dividend payout ratio is currently 32.98%.

Analyst Ratings Changes

CMCSA has been the topic of several research analyst reports. Macquarie reaffirmed a “neutral” rating and issued a $40.00 price target on shares of Comcast in a report on Friday. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $47.75 to $48.00 in a report on Friday. TD Cowen reduced their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Pivotal Research increased their target price on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $46.63.

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.