Verity Asset Management Inc. Has $549,000 Stake in Comcast Co. (NASDAQ:CMCSA)

Verity Asset Management Inc. grew its position in Comcast Co. (NASDAQ:CMCSA) by 19.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,073 shares of the cable giant’s stock after purchasing an additional 2,096 shares during the period. Verity Asset Management Inc.’s holdings in Comcast were worth $549,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Fairscale Capital LLC acquired a new position in shares of Comcast during the 2nd quarter worth about $26,000. Strategic Financial Concepts LLC bought a new position in Comcast in the second quarter valued at approximately $27,000. IAG Wealth Partners LLC increased its position in shares of Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after purchasing an additional 522 shares during the last quarter. McClarren Financial Advisors Inc. raised its stake in shares of Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares in the last quarter. Finally, Archer Investment Corp boosted its holdings in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after buying an additional 519 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Price Performance

NASDAQ:CMCSA opened at $44.19 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $171.13 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 1.61 and a beta of 1.00. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The firm’s 50-day simple moving average is $41.00 and its 200 day simple moving average is $39.66.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 earnings per share. As a group, sell-side analysts predict that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Announces Dividend

The business 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. This represents a $1.24 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CMCSA shares. 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 shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Barclays boosted their price target on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of Comcast in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.75.

About Comcast

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.