Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Aviso Wealth Management

Aviso Wealth Management increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 44.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,731 shares of the cable giant’s stock after purchasing an additional 6,698 shares during the quarter. Aviso Wealth Management’s holdings in Comcast were worth $851,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CMCSA. Gilbert & Cook Inc. increased its stake in shares of Comcast by 10.3% during the 4th quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock worth $685,000 after purchasing an additional 1,459 shares in the last quarter. Gryphon Financial Partners LLC grew its holdings in Comcast by 71.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 50,539 shares of the cable giant’s stock valued at $2,451,000 after buying an additional 21,112 shares during the last quarter. Focus Financial Network Inc. ADV purchased a new position in Comcast during the fourth quarter worth $857,000. Evoke Wealth LLC raised its holdings in shares of Comcast by 38.5% in the fourth quarter. Evoke Wealth LLC now owns 10,668 shares of the cable giant’s stock worth $468,000 after acquiring an additional 2,967 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its position in shares of Comcast by 8.3% in the fourth quarter. Eagle Asset Management Inc. now owns 342,971 shares of the cable giant’s stock valued at $15,039,000 after acquiring an additional 26,427 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CMCSA shares. Evercore ISI dropped their price objective on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. Macquarie reiterated a “neutral” rating and set a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. The Goldman Sachs Group began coverage on shares of Comcast in a research note on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective on the stock. KeyCorp lowered their target price on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $45.58.

Comcast Trading Up 1.5 %

CMCSA stock opened at $41.64 on Friday. The company has a market cap of $163.38 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 1.08 and a beta of 1.01. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The business has a fifty day simple moving average of $39.69 and a 200-day simple moving average of $39.59. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.13 EPS. On average, equities research analysts expect that Comcast Co. will post 4.23 EPS for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.98%. Comcast’s payout ratio is 32.80%.

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.