Comcast Co. (NASDAQ:CMCSA) Shares Bought by Janney Capital Management LLC

Janney Capital Management LLC raised its position in Comcast Co. (NASDAQ:CMCSA) by 3.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 55,945 shares of the cable giant’s stock after acquiring an additional 1,961 shares during the quarter. Janney Capital Management LLC’s holdings in Comcast were worth $2,337,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Fairscale Capital LLC acquired a new position in shares of Comcast during the second quarter valued at approximately $26,000. Strategic Financial Concepts LLC purchased a new stake in Comcast during the second quarter valued at about $27,000. IAG Wealth Partners LLC lifted its stake in Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after buying an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. lifted its stake in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares in the last quarter. Finally, Archer Investment Corp lifted its stake in Comcast by 177.1% during the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after buying an additional 519 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of research reports. KeyCorp upped their target price on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday. Barclays dropped their target price on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. Macquarie reiterated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a report on Friday. Pivotal Research upped their target price on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday. Finally, Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $47.75 to $48.00 in a report on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.63.

Comcast Stock Down 0.3 %

Shares of Comcast stock opened at $43.56 on Friday. The stock has a market capitalization of $168.69 billion, a P/E ratio of 11.59, a PEG ratio of 1.11 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 stock has a 50 day moving average price of $40.80 and a two-hundred day moving average price of $39.58. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the prior year, the business earned $1.08 earnings per share. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities analysts expect that Comcast Co. will post 4.24 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.85%. Comcast’s dividend payout ratio (DPR) is currently 32.98%.

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.