Apella Capital LLC Buys 1,268 Shares of Comcast Co. (NASDAQ:CMCSA)

Apella Capital LLC boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 19.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,880 shares of the cable giant’s stock after purchasing an additional 1,268 shares during the quarter. Apella Capital LLC’s holdings in Comcast were worth $325,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Tortoise Investment Management LLC boosted its position in Comcast by 4.5% during the fourth quarter. Tortoise Investment Management LLC now owns 5,801 shares of the cable giant’s stock valued at $254,000 after buying an additional 249 shares during the period. Greenwich Wealth Management LLC boosted its stake in shares of Comcast by 2.7% during 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 during the period. Verum Partners LLC grew its holdings in shares of Comcast by 4.9% in the second quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock worth $222,000 after purchasing an additional 267 shares during the last quarter. Mcdonald Partners LLC increased its stake in shares of Comcast by 1.4% in the first quarter. Mcdonald Partners LLC now owns 19,591 shares of the cable giant’s stock worth $849,000 after buying an additional 270 shares during the period. Finally, Plancorp LLC raised its holdings in Comcast by 0.4% during the 2nd quarter. Plancorp LLC now owns 74,725 shares of the cable giant’s stock valued at $2,926,000 after buying an additional 277 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of Comcast stock traded up $0.38 during trading on Friday, hitting $41.19. 13,697,490 shares of the company’s stock traded hands, compared to its average volume of 19,890,191. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The business has a 50-day simple moving average of $39.94 and a 200-day simple moving average of $39.56. The stock has a market capitalization of $161.61 billion, a P/E ratio of 10.90, a PEG ratio of 1.08 and a beta of 1.01. 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 (NASDAQ:CMCSA) last issued its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09. The company 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 firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the company posted $1.13 earnings per share. As a group, analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.01%. Comcast’s payout ratio is presently 32.80%.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of research analyst reports. BNP Paribas downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target on the stock. in a report on Tuesday, June 11th. The Goldman Sachs Group initiated coverage on Comcast in a report on Tuesday, June 25th. They set a “buy” rating and a $44.00 target price for the company. Deutsche Bank Aktiengesellschaft cut their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Finally, KeyCorp cut their target price on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Comcast presently has an average rating of “Hold” and an average target price of $45.58.

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.