Greenwich Wealth Management LLC Acquires 261 Shares of Comcast Co. (NASDAQ:CMCSA)

Greenwich Wealth Management LLC grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 2.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,754 shares of the cable giant’s stock after buying an additional 261 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Comcast were worth $382,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. grew its holdings in shares of Comcast by 10.3% during the 4th quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock worth $685,000 after acquiring an additional 1,459 shares during the period. Gryphon Financial Partners LLC raised its stake in Comcast by 71.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 50,539 shares of the cable giant’s stock worth $2,451,000 after acquiring an additional 21,112 shares during the period. Jump Financial LLC bought a new stake in Comcast during the 4th quarter valued at approximately $800,000. Navellier & Associates Inc. purchased a new stake in shares of Comcast in the fourth quarter worth about $203,000. Finally, NFC Investments LLC purchased a new stake in shares of Comcast during the 4th quarter valued at about $7,714,000. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.6 %

Shares of CMCSA opened at $39.55 on Monday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The stock has a market cap of $153.16 billion, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01. The firm has a 50 day simple moving average of $39.36 and a 200-day simple moving average of $39.72.

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

Comcast Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. KeyCorp dropped their target price on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective for the company. in a research report on Tuesday, June 11th. The Goldman Sachs Group began coverage on shares of Comcast in a research note on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $45.78.

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.