Souders Financial Advisors Has $3.14 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Souders Financial Advisors increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 3.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 80,052 shares of the cable giant’s stock after acquiring an additional 3,023 shares during the period. Souders Financial Advisors’ holdings in Comcast were worth $3,135,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CMCSA. Steph & Co. grew its position in shares of Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 371 shares during the period. Fairscale Capital LLC acquired a new stake in shares of Comcast during the 2nd quarter worth about $26,000. Strategic Financial Concepts LLC acquired a new stake in shares of Comcast during the 2nd quarter worth about $27,000. OLD Point Trust & Financial Services N A acquired a new stake in shares of Comcast during the 4th quarter worth about $28,000. Finally, IAG Wealth Partners LLC lifted its stake 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 buying an additional 522 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of Comcast stock opened at $41.77 on Tuesday. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The firm has a market capitalization of $163.89 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 1.08 and a beta of 1.01. The business has a 50-day simple moving average of $39.73 and a 200 day simple moving average of $39.56. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. During the same period in the previous year, the company posted $1.13 EPS. The firm’s revenue was down 2.7% compared to the same quarter last year. On average, research analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio is currently 32.80%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CMCSA shares. Rosenblatt Securities restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Macquarie restated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research report on Wednesday, July 24th. BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target on the stock. in a report on Tuesday, June 11th. The Goldman Sachs Group initiated coverage on shares of Comcast in a report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target on the stock. Finally, Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Comcast has an average rating of “Hold” and a consensus target price of $45.58.

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.