Turtle Creek Wealth Advisors LLC Acquires 250 Shares of Comcast Co. (NASDAQ:CMCSA)

Turtle Creek Wealth Advisors LLC boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 0.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 116,168 shares of the cable giant’s stock after purchasing an additional 250 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Comcast were worth $4,852,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Fairscale Capital LLC acquired a new stake in Comcast in the second quarter valued at approximately $26,000. Strategic Financial Concepts LLC purchased a new position in shares of Comcast during the second quarter valued at approximately $27,000. IAG Wealth Partners LLC boosted its position in shares of Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after buying an additional 522 shares during the last quarter. McClarren Financial Advisors Inc. boosted its position in shares of Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares during the last quarter. Finally, Archer Investment Corp boosted its position in shares of Comcast by 177.1% during the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after buying an additional 519 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

Shares of CMCSA traded down $0.60 during mid-day trading on Friday, hitting $42.88. The stock had a trading volume of 18,344,398 shares, compared to its average volume of 19,624,908. The firm has a market cap of $164.08 billion, a P/E ratio of 11.53, a PEG ratio of 1.66 and a beta of 1.00. The business has a fifty day moving average price of $41.61 and a 200-day moving average price of $39.87. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick 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 released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates 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. On average, equities research analysts expect that Comcast Co. will post 4.25 EPS for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.89%. Comcast’s payout ratio is 33.33%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CMCSA. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, November 6th. TD Cowen cut their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Benchmark reaffirmed a “buy” rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their target price on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, KeyCorp boosted their price objective on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. One investment 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’s stock. According to data from MarketBeat, Comcast has an average rating of “Moderate Buy” and an average target price of $46.75.

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.