CWA Asset Management Group LLC Buys New Holdings in Comcast Co. (NASDAQ:CMCSA)

CWA Asset Management Group LLC bought a new position in Comcast Co. (NASDAQ:CMCSA) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 226,125 shares of the cable giant’s stock, valued at approximately $9,445,000.

Several other large investors also recently bought and sold shares of CMCSA. Duality Advisers LP acquired a new stake in Comcast during the first quarter worth about $436,000. Tectonic Advisors LLC raised its stake in Comcast by 11.4% during the first quarter. Tectonic Advisors LLC now owns 22,180 shares of the cable giant’s stock worth $962,000 after acquiring an additional 2,272 shares during the period. KCM Investment Advisors LLC raised its stake in Comcast by 8.8% during the first quarter. KCM Investment Advisors LLC now owns 37,123 shares of the cable giant’s stock worth $1,609,000 after acquiring an additional 3,009 shares during the period. Allegheny Financial Group LTD grew its position in Comcast by 6.2% in the 1st quarter. Allegheny Financial Group LTD now owns 17,398 shares of the cable giant’s stock worth $754,000 after purchasing an additional 1,017 shares during the last quarter. Finally, Atomi Financial Group Inc. grew its position in Comcast by 87.4% in the 1st quarter. Atomi Financial Group Inc. now owns 29,914 shares of the cable giant’s stock worth $1,297,000 after purchasing an additional 13,951 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 0.6 %

Shares of NASDAQ CMCSA opened at $43.91 on Friday. The stock has a market cap of $170.04 billion, a P/E ratio of 11.80, a P/E/G ratio of 1.61 and a beta of 1.00. The firm has a 50 day moving average price of $41.18 and a 200 day moving average price of $39.71. 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 announced 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 net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same quarter in the previous year, the firm posted $1.08 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. Analysts expect that Comcast Co. will post 4.25 EPS for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is presently 33.33%.

Analyst Ratings Changes

Several research analysts have recently issued reports on CMCSA shares. Pivotal Research increased their price objective on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating 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 company an “equal weight” rating in a research note on Monday, November 4th. TD Cowen cut their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. KeyCorp increased their target price on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Benchmark reissued a “buy” rating and set a $55.00 target price on shares of Comcast in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Comcast currently has an average rating of “Moderate Buy” and an average price target of $46.75.

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.