Atomi Financial Group Inc. Has $1.40 Million Position in Comcast Co. (NASDAQ:CMCSA)

Atomi Financial Group Inc. increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 26.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,517 shares of the cable giant’s stock after purchasing an additional 6,941 shares during the quarter. Atomi Financial Group Inc.’s holdings in Comcast were worth $1,400,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Steph & Co. lifted its stake in Comcast by 154.6% in the first 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 last quarter. Fairscale Capital LLC acquired a new stake in Comcast in the second quarter valued at approximately $26,000. Strategic Financial Concepts LLC acquired a new stake in Comcast in the second quarter valued at approximately $27,000. IAG Wealth Partners LLC lifted its stake in Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares during the last quarter. Finally, Pineridge Advisors LLC acquired a new stake in Comcast in the fourth quarter valued at approximately $32,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CMCSA shares. BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price for the company. in a research note on Tuesday, June 11th. Macquarie reiterated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research note on Wednesday, July 24th. The Goldman Sachs Group assumed coverage on shares of Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 target price for the company. Barclays dropped their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. Finally, StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Comcast currently has an average rating of “Hold” and a consensus target price of $45.55.

Comcast Trading Up 1.0 %

Shares of CMCSA stock opened at $40.95 on Wednesday. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The firm’s fifty day simple moving average is $39.94 and its 200 day simple moving average is $39.49. The firm has a market capitalization of $160.67 billion, a P/E ratio of 10.83, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16.

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

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio is 32.80%.

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.