O Keefe Stevens Advisory Inc. Boosts Position in Comcast Co. (NASDAQ:CMCSA)

O Keefe Stevens Advisory Inc. boosted its position in Comcast Co. (NASDAQ:CMCSA) by 35.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,592 shares of the cable giant’s stock after purchasing an additional 4,053 shares during the period. O Keefe Stevens Advisory Inc.’s holdings in Comcast were worth $651,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brevan Howard Capital Management LP bought a new stake in Comcast during the fourth quarter valued at about $2,056,000. Capital Investment Advisors LLC lifted its position in shares of Comcast by 4.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock valued at $1,411,000 after buying an additional 1,550 shares in the last quarter. First Hawaiian Bank grew its stake in shares of Comcast by 8.9% during the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock valued at $7,513,000 after acquiring an additional 15,664 shares during the period. BNP Paribas purchased a new stake in Comcast in the 1st quarter worth approximately $4,117,000. Finally, Beacon Financial Group raised its stake in Comcast by 23.3% during the 4th quarter. Beacon Financial Group now owns 73,999 shares of the cable giant’s stock worth $3,245,000 after acquiring an additional 13,993 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Up 1.0 %

CMCSA stock opened at $40.95 on Wednesday. The firm has a fifty day moving average price of $39.94 and a 200 day moving average price of $39.49. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The firm has a market cap of $160.67 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share 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 firm had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. During the same period in the previous year, the firm posted $1.13 EPS. The business’s quarterly revenue was down 2.7% on a year-over-year basis. Sell-side analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued 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 is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is 32.80%.

Analysts Set New Price Targets

CMCSA has been the subject of a number of analyst reports. KeyCorp decreased their price objective on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft cut their price target on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. BNP Paribas downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective on the stock. in a research report on Tuesday, June 11th. Seaport Res Ptn cut Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $45.55.

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.