Fairscale Capital LLC Purchases New Position in Comcast Co. (NASDAQ:CMCSA)

Fairscale Capital LLC acquired a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 668 shares of the cable giant’s stock, valued at approximately $26,000.

Other large investors have also modified their holdings of the company. Gilbert & Cook Inc. lifted its stake 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 last quarter. Gryphon Financial Partners LLC raised its position in 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 purchasing an additional 21,112 shares during the last quarter. HCR Wealth Advisors acquired a new stake in Comcast during the 4th quarter worth $228,000. Congress Wealth Management LLC DE grew its position in Comcast by 21.7% during the 4th quarter. Congress Wealth Management LLC DE now owns 29,370 shares of the cable giant’s stock worth $1,288,000 after purchasing an additional 5,230 shares during the last quarter. Finally, Cape Investment Advisory Inc. increased its stake in Comcast by 9.3% in the fourth quarter. Cape Investment Advisory Inc. now owns 9,928 shares of the cable giant’s stock valued at $435,000 after purchasing an additional 843 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CMCSA. Pivotal Research lowered their price target on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Barclays reduced their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. BNP Paribas downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price for the company. in a report on Tuesday, June 11th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $45.78.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $40.11 on Monday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The company has a market capitalization of $157.38 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 1.03 and a beta of 1.01. The business has a 50-day moving average of $39.57 and a 200-day moving average of $39.63.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.13 earnings per share. On average, equities analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is 32.80%.

Comcast Company 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.