Verity & Verity LLC Increases Stock Position in Comcast Co. (NASDAQ:CMCSA)

Verity & Verity LLC boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 27.4% during the third quarter, Holdings Channel reports. The firm owned 344,208 shares of the cable giant’s stock after purchasing an additional 74,131 shares during the quarter. Verity & Verity LLC’s holdings in Comcast were worth $14,378,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. lifted its holdings in Comcast by 0.8% during the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after purchasing an additional 249 shares in the last quarter. Taurus Asset Management LLC lifted its stake in shares of Comcast by 2.9% during the 3rd quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after buying an additional 253 shares in the last quarter. Regent Peak Wealth Advisors LLC boosted its holdings in Comcast by 3.1% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after buying an additional 257 shares during the period. Abich Financial Wealth Management LLC increased its stake in Comcast by 4.7% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock worth $243,000 after buying an additional 260 shares in the last quarter. Finally, Greenwich Wealth Management LLC raised its holdings in Comcast by 2.7% during the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock valued at $382,000 after acquiring an additional 261 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. KeyCorp increased their target price on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $47.75 to $48.00 in a report on Friday, November 1st. Wells Fargo & Company upped their target price on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. TD Cowen reduced their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Barclays lifted their target price on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.88.

Comcast Trading Up 0.3 %

Shares of CMCSA opened at $43.00 on Tuesday. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The company’s fifty day simple moving average is $41.67 and its 200-day simple moving average is $39.93. The company has a market cap of $164.54 billion, a P/E ratio of 11.56, a P/E/G ratio of 1.63 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.08 earnings per share. As a group, analysts expect that Comcast Co. will post 4.25 EPS for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.88%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Comcast Company 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.