Range Financial Group LLC Has $226,000 Stake in Comcast Co. (NASDAQ:CMCSA)

Range Financial Group LLC increased its position in Comcast Co. (NASDAQ:CMCSA) by 24.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,770 shares of the cable giant’s stock after purchasing an additional 1,149 shares during the period. Range Financial Group LLC’s holdings in Comcast were worth $226,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. lifted its position in Comcast by 10.3% in the 4th quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock worth $685,000 after buying an additional 1,459 shares in the last quarter. Gryphon Financial Partners LLC lifted its position in Comcast by 71.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 50,539 shares of the cable giant’s stock worth $2,451,000 after buying an additional 21,112 shares in the last quarter. Ethos Financial Group LLC lifted its position in Comcast by 5.9% in the 4th quarter. Ethos Financial Group LLC now owns 14,937 shares of the cable giant’s stock worth $655,000 after buying an additional 829 shares in the last quarter. Montag A & Associates Inc. lifted its position in Comcast by 28.2% in the 4th quarter. Montag A & Associates Inc. now owns 7,720 shares of the cable giant’s stock worth $339,000 after buying an additional 1,700 shares in the last quarter. Finally, Principal Securities Inc. bought a new position in shares of Comcast during the 4th quarter valued at $4,884,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ CMCSA opened at $39.80 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market capitalization of $156.16 billion, a price-to-earnings ratio of 10.53, a P/E/G ratio of 1.05 and a beta of 1.00. The company’s fifty day moving average is $39.23 and its two-hundred day moving average is $39.86. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09. The company had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the business posted $1.13 EPS. Equities research analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.12%. Comcast’s dividend payout ratio is 32.80%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CMCSA. The Goldman Sachs Group began coverage on shares of Comcast in a report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target on the stock. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. KeyCorp cut their price target 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. Macquarie restated a “neutral” rating and set a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. Finally, StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Hold” and a consensus price target of $45.78.

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.