Souders Financial Advisors Boosts Stake in Comcast Co. (NASDAQ:CMCSA)

Souders Financial Advisors raised its position in Comcast Co. (NASDAQ:CMCSA) by 5.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,553 shares of the cable giant’s stock after purchasing an additional 4,501 shares during the quarter. Souders Financial Advisors’ holdings in Comcast were worth $3,532,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC grew its stake in Comcast by 4.5% in the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after acquiring an additional 1,550 shares in the last quarter. First Hawaiian Bank boosted its stake in shares of Comcast by 8.9% during the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock valued at $7,513,000 after purchasing an additional 15,664 shares in the last quarter. Douglas Lane & Associates LLC boosted its stake in shares of Comcast by 0.7% during the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock valued at $92,331,000 after purchasing an additional 15,807 shares in the last quarter. Wulff Hansen & CO. boosted its stake in shares of Comcast by 3,816.0% during the second quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant’s stock valued at $21,866,000 after purchasing an additional 544,123 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Comcast during the first quarter valued at approximately $773,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Down 0.4 %

NASDAQ CMCSA opened at $44.04 on Wednesday. The company has a fifty day simple moving average of $41.36 and a two-hundred day simple moving average of $39.79. The stock has a market cap of $168.52 billion, a P/E ratio of 11.84, a P/E/G ratio of 1.68 and a beta of 1.00. 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 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter last year, the company posted $1.08 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. On average, analysts forecast that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Dividend Announcement

The firm 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 dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.82%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CMCSA shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Macquarie reiterated a “neutral” rating and set a $40.00 price objective on shares of Comcast in a research note on Friday, November 1st. Barclays raised their target price on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company raised their target price on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Comcast currently has an average rating of “Moderate Buy” and a consensus price target 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.