Steel Grove Capital Advisors LLC Buys 508 Shares of Comcast Co. (NASDAQ:CMCSA)

Steel Grove Capital Advisors LLC increased its stake in Comcast Co. (NASDAQ:CMCSA) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,342 shares of the cable giant’s stock after buying an additional 508 shares during the period. Steel Grove Capital Advisors LLC’s holdings in Comcast were worth $1,697,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Steph & Co. grew its stake in shares of Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after acquiring an additional 371 shares during the last quarter. OLD Point Trust & Financial Services N A purchased a new stake in Comcast during the 4th quarter valued at about $28,000. Fairscale Capital LLC bought a new stake in Comcast during the 2nd quarter valued at about $26,000. Pineridge Advisors LLC purchased a new position in Comcast in the fourth quarter worth about $32,000. Finally, Financial Synergies Wealth Advisors Inc. lifted its stake in shares of Comcast by 336.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after buying an additional 593 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

NASDAQ:CMCSA opened at $40.11 on Monday. The company has a market capitalization of $157.38 billion, a P/E ratio of 10.61, a P/E/G ratio of 1.03 and a beta of 1.01. The business’s 50-day moving average is $39.57 and its 200 day moving average is $39.63. 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 Co. has a 12 month low of $36.43 and a 12 month high of $47.11.

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

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders 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 is Wednesday, October 2nd. Comcast’s payout ratio is 32.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CMCSA shares. The Goldman Sachs Group assumed coverage on shares of Comcast in a research report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target for the company. BNP Paribas lowered 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. Pivotal Research reduced their target price on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, September 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $45.78.

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.