Stiles Financial Services Inc Has $949,000 Stake in Comcast Co. (NASDAQ:CMCSA)

Stiles Financial Services Inc increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 41.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,717 shares of the cable giant’s stock after buying an additional 6,664 shares during the quarter. Stiles Financial Services Inc’s holdings in Comcast were worth $949,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CMCSA. Duality Advisers LP acquired a new position in Comcast during the first quarter worth about $436,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Comcast by 111.7% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 53,442 shares of the cable giant’s stock worth $2,317,000 after purchasing an additional 28,198 shares during the last quarter. PFG Advisors lifted its holdings in Comcast by 20.0% during the 1st quarter. PFG Advisors now owns 27,686 shares of the cable giant’s stock worth $1,200,000 after buying an additional 4,613 shares during the period. Illinois Municipal Retirement Fund grew its position in shares of Comcast by 4.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 611,965 shares of the cable giant’s stock valued at $26,529,000 after buying an additional 24,954 shares during the last quarter. Finally, Forsta AP Fonden increased its stake in shares of Comcast by 19.1% in the first quarter. Forsta AP Fonden now owns 1,200,028 shares of the cable giant’s stock valued at $52,021,000 after buying an additional 192,100 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA stock opened at $44.22 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a fifty day simple moving average of $41.00 and a two-hundred day simple moving average of $39.66. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The firm has a market capitalization of $171.24 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 1.61 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating 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 analyst estimates of $31.78 billion. During the same period in the prior year, the firm posted $1.08 EPS. Comcast’s quarterly revenue was up 6.5% compared to the same quarter last year. Analysts forecast that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors 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 yield of 2.80%. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CMCSA. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Macquarie reaffirmed a “neutral” rating and set a $40.00 price target on shares of Comcast in a research report on Friday, November 1st. TD Cowen lowered their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Wells Fargo & Company upped their target price on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.75.

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.