Financial Perspectives Inc Has $572,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Financial Perspectives Inc lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 7.9% during the 2nd quarter, Holdings Channel reports. The firm owned 14,601 shares of the cable giant’s stock after purchasing an additional 1,064 shares during the quarter. Financial Perspectives Inc’s holdings in Comcast were worth $572,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Greenwich Wealth Management LLC grew its holdings in Comcast by 2.7% in the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after purchasing an additional 261 shares during the period. Redwood Wealth Management Group LLC acquired a new stake in shares of Comcast in the 2nd quarter valued at about $74,000. Plato Investment Management Ltd raised its stake in Comcast by 2.9% during the 2nd quarter. Plato Investment Management Ltd now owns 118,279 shares of the cable giant’s stock worth $4,632,000 after buying an additional 3,359 shares during the period. WINTON GROUP Ltd bought a new position in Comcast in the second quarter worth approximately $1,899,000. Finally, Wilkins Investment Counsel Inc. grew its stake in Comcast by 1.5% in the second quarter. Wilkins Investment Counsel Inc. now owns 49,330 shares of the cable giant’s stock valued at $1,932,000 after acquiring an additional 714 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ CMCSA opened at $39.55 on Monday. The company has a market capitalization of $153.16 billion, a PE ratio of 10.46, a price-to-earnings-growth ratio of 1.03 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 Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The company has a 50-day simple moving average of $39.36 and a 200 day simple moving average of $39.72.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. During the same quarter in the prior year, the firm earned $1.13 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, research analysts predict that Comcast Co. will post 4.23 EPS for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a $0.31 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 3.14%. Comcast’s dividend payout ratio is 32.80%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their target price on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Evercore ISI reduced their price objective on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. KeyCorp lowered their target price on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Barclays cut their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. Finally, Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $45.78.

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.