Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Wealth Advisors of Tampa Bay LLC

Wealth Advisors of Tampa Bay LLC grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 6.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 107,974 shares of the cable giant’s stock after buying an additional 6,450 shares during the period. Comcast accounts for approximately 2.0% of Wealth Advisors of Tampa Bay LLC’s holdings, making the stock its 16th biggest holding. Wealth Advisors of Tampa Bay LLC’s holdings in Comcast were worth $4,228,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CMCSA. Gilbert & Cook Inc. raised its holdings in Comcast by 10.3% in the fourth quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock valued at $685,000 after buying an additional 1,459 shares during the period. Gryphon Financial Partners LLC raised its stake in shares of Comcast by 71.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 50,539 shares of the cable giant’s stock valued at $2,451,000 after acquiring an additional 21,112 shares during the period. Quest Partners LLC acquired a new position in shares of Comcast during the 4th quarter valued at $671,000. Tidemark LLC purchased a new stake in Comcast during the 4th quarter worth $51,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Comcast in the 4th quarter valued at $54,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CMCSA shares. The Goldman Sachs Group initiated coverage on Comcast in a research note on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective on the stock. Barclays decreased their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. Macquarie reiterated a “neutral” rating and set a $40.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price for the company. in a research note on Tuesday, June 11th. Finally, StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Comcast has an average rating of “Hold” and an average price target of $45.78.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $40.27 on Friday. The business has a 50 day simple moving average of $39.53 and a 200-day simple moving average of $39.68. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The company has a market capitalization of $158.00 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 1.03 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 (NASDAQ:CMCSA) last issued its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. During the same period in the prior year, the company earned $1.13 earnings per share. The firm’s revenue was down 2.7% compared to the same quarter last year. As a group, equities research analysts expect that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders 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 yield of 3.08%. Comcast’s dividend payout ratio is currently 32.80%.

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.