Claro Advisors LLC Increases Stake in Comcast Co. (NASDAQ:CMCSA)

Claro Advisors LLC lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 60.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,699 shares of the cable giant’s stock after buying an additional 11,931 shares during the quarter. Claro Advisors LLC’s holdings in Comcast were worth $1,324,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CMCSA. Koshinski Asset Management Inc. boosted its stake in shares of Comcast by 0.8% during the third 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 last quarter. Regent Peak Wealth Advisors LLC lifted its holdings in Comcast by 3.1% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock valued at $353,000 after purchasing an additional 257 shares in the last quarter. Abich Financial Wealth Management LLC boosted its stake in shares of Comcast by 4.7% during the 3rd 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 last quarter. Greenwich Wealth Management LLC grew its holdings in shares of Comcast by 2.7% during the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after buying an additional 261 shares in the last quarter. Finally, Saxon Interests Inc. raised its position 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 valued at $566,000 after buying an additional 262 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Macquarie reiterated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research note on Friday, November 1st. Wells Fargo & Company increased their target price on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. TD Cowen lowered their price target on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Wednesday, November 6th. One equities 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 company’s stock. Based on data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.75.

Comcast Stock Down 1.4 %

Shares of Comcast stock opened at $42.88 on Friday. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The stock has a market cap of $164.08 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00. 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 company has a fifty day moving average price of $41.61 and a 200 day moving average price of $39.88.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 19.81% and a net margin of 11.92%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.08 earnings per share. Equities research analysts forecast that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a $0.31 dividend. 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 2.89%. Comcast’s dividend payout ratio is currently 33.33%.

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.