Baron Wealth Management LLC Takes Position in Comcast Co. (NASDAQ:CMCSA)

Baron Wealth Management LLC purchased a new stake in shares of Comcast Co. (NASDAQ:CMCSA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,527 shares of the cable giant’s stock, valued at approximately $273,000.

Other large investors have also made changes to their positions in the company. Koshinski Asset Management Inc. lifted its holdings in shares of Comcast by 0.8% in the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after purchasing an additional 249 shares in the last quarter. Taurus Asset Management LLC lifted its holdings in shares of Comcast by 2.9% in the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after purchasing an additional 253 shares in the last quarter. Regent Peak Wealth Advisors LLC lifted its holdings in shares of Comcast by 3.1% in the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock valued at $353,000 after purchasing an additional 257 shares in the last quarter. Abich Financial Wealth Management LLC lifted its holdings in shares of Comcast by 4.7% in the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after purchasing an additional 260 shares in the last quarter. Finally, Greenwich Wealth Management LLC lifted its holdings in shares of Comcast by 2.7% in the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock valued at $382,000 after purchasing an additional 261 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 0.3 %

CMCSA opened at $43.00 on Tuesday. The company has a market cap of $164.54 billion, a P/E ratio of 11.56, a P/E/G ratio of 1.63 and a beta of 1.00. The business’s 50-day moving average price is $41.67 and its 200-day moving average price is $39.93. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.08 earnings per share. On average, equities analysts expect that Comcast Co. will post 4.25 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors 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 yield of 2.88%. Comcast’s dividend payout ratio is presently 33.33%.

Analyst Ratings Changes

A number of analysts recently commented on CMCSA shares. Pivotal Research increased their price target on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft increased their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. TD Cowen decreased their price target on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, KeyCorp increased their price target on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Comcast currently has an average rating of “Moderate Buy” and a consensus target price of $46.88.

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.