Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Avestar Capital LLC

Avestar Capital LLC raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 16.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,861 shares of the cable giant’s stock after buying an additional 5,396 shares during the period. Avestar Capital LLC’s holdings in Comcast were worth $1,581,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Fairscale Capital LLC acquired a new position in shares of Comcast during the 2nd quarter valued at $26,000. McClarren Financial Advisors Inc. lifted its stake in shares of Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares in the last quarter. Iron Horse Wealth Management LLC boosted its position in shares of Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after buying an additional 522 shares during the period. IAG Wealth Partners LLC grew its stake in shares of 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 buying an additional 522 shares in the last quarter. Finally, Archer Investment Corp raised its holdings in shares of Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after buying an additional 519 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of analyst reports. Evercore ISI upgraded Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Wells Fargo & Company boosted 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. Benchmark reaffirmed a “buy” rating and set a $60.00 price target on shares of Comcast in a report on Tuesday, November 19th. Macquarie boosted their price objective on shares of Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. Finally, Barclays raised their target price on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Comcast currently has an average rating of “Moderate Buy” and a consensus price target of $47.19.

Comcast Price Performance

CMCSA opened at $43.20 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The company’s 50-day moving average price is $42.06 and its 200 day moving average price is $40.08. 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 $165.31 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 1.64 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.08 earnings per share. As a group, sell-side analysts expect that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently announced 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 2.87%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio 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.