Maia Wealth LLC Buys 2,656 Shares of Comcast Co. (NASDAQ:CMCSA)

Maia Wealth LLC lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 38.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,577 shares of the cable giant’s stock after purchasing an additional 2,656 shares during the period. Maia Wealth LLC’s holdings in Comcast were worth $399,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Fairscale Capital LLC bought a new position in shares of Comcast in the 2nd quarter valued at about $26,000. McClarren Financial Advisors Inc. grew its holdings in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares during the period. Iron Horse Wealth Management LLC raised its position in shares of Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 522 shares during the last quarter. IAG Wealth Partners LLC lifted its stake in shares of Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares during the period. Finally, Archer Investment Corp boosted its position in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after purchasing an additional 519 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday. Macquarie restated a “neutral” rating and set a $40.00 price objective on shares of Comcast in a report on Friday, November 1st. Barclays increased their target price on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday. KeyCorp boosted their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One 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. According to data from MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and a consensus target price of $46.75.

Comcast Trading Up 6.1 %

Shares of NASDAQ:CMCSA opened at $45.14 on Thursday. The company has a 50-day simple moving average of $41.00 and a 200 day simple moving average of $39.66. The company has a market capitalization of $174.80 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 1.14 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same period in the previous year, the company posted $1.08 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts forecast that Comcast Co. will post 4.27 earnings per share for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is presently 33.33%.

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.