Fullcircle Wealth LLC Increases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Fullcircle Wealth LLC lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,491 shares of the cable giant’s stock after buying an additional 402 shares during the quarter. Comcast accounts for approximately 0.8% of Fullcircle Wealth LLC’s holdings, making the stock its 29th largest holding. Fullcircle Wealth LLC’s holdings in Comcast were worth $1,862,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Fairscale Capital LLC purchased a new stake in Comcast during the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC purchased a new stake in Comcast during the 2nd quarter worth approximately $27,000. IAG Wealth Partners LLC increased its holdings in Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after purchasing an additional 522 shares during the last quarter. McClarren Financial Advisors Inc. increased 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 purchasing an additional 570 shares during the last quarter. Finally, Archer Investment Corp increased its holdings in Comcast by 177.1% during 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 currently owned by hedge funds and other institutional investors.

Comcast Trading Down 0.3 %

Shares of Comcast stock traded down $0.11 on Friday, reaching $43.56. 25,078,455 shares of the company were exchanged, compared to its average volume of 19,681,141. The stock has a fifty day moving average price of $40.80 and a 200-day moving average price of $39.58. The firm has a market capitalization of $168.69 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, analysts expect that Comcast Co. will post 4.24 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.85%. Comcast’s dividend payout ratio is 32.98%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several research reports. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $47.75 to $48.00 in a research report on Friday. Deutsche Bank Aktiengesellschaft lifted their target price on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday. TD Cowen reduced their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday. Finally, KeyCorp boosted their price objective on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $46.63.

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.