Curi RMB Capital LLC Purchases 12,766 Shares of Comcast Co. (NASDAQ:CMCSA)

Curi RMB Capital LLC lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 6.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 224,917 shares of the cable giant’s stock after purchasing an additional 12,766 shares during the period. Curi RMB Capital LLC’s holdings in Comcast were worth $9,395,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fairscale Capital LLC acquired a new position in Comcast during the 2nd quarter worth about $26,000. Strategic Financial Concepts LLC bought a new position in shares of Comcast during the second quarter worth about $27,000. IAG Wealth Partners LLC lifted its stake in shares of Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after acquiring an additional 522 shares during the period. McClarren Financial Advisors Inc. boosted its holdings in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares during the last quarter. Finally, Archer Investment Corp increased its position in Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Macquarie reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Comcast in a research report on Friday, November 1st. KeyCorp boosted their target price on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report 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. Finally, Scotiabank raised 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 research note on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and an average target price of $46.75.

Comcast Stock Performance

Shares of CMCSA opened at $43.48 on Friday. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s fifty day moving average price is $41.47 and its two-hundred day moving average price is $39.82. The firm has a market cap of $166.38 billion, a PE ratio of 11.69, a PEG ratio of 1.67 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced 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 net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the prior year, the company posted $1.08 EPS. Comcast’s revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts forecast that Comcast Co. will post 4.25 EPS for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders 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 of this dividend is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

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.