6,205 Shares in Comcast Co. (NASDAQ:CMCSA) Bought by Callan Family Office LLC

Callan Family Office LLC bought a new position in Comcast Co. (NASDAQ:CMCSA) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,205 shares of the cable giant’s stock, valued at approximately $259,000.

A number of other hedge funds have also modified their holdings of the stock. Aprio Wealth Management LLC grew its holdings in shares of Comcast by 6.1% during the third quarter. Aprio Wealth Management LLC now owns 10,494 shares of the cable giant’s stock valued at $438,000 after buying an additional 603 shares in the last quarter. Exeter Financial LLC grew its holdings in shares of Comcast by 1.3% during the third quarter. Exeter Financial LLC now owns 67,039 shares of the cable giant’s stock valued at $2,800,000 after buying an additional 875 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Comcast by 13.9% during the third quarter. Versant Capital Management Inc now owns 4,264 shares of the cable giant’s stock valued at $178,000 after buying an additional 522 shares in the last quarter. City Center Advisors LLC grew its holdings in shares of Comcast by 4.7% during the third quarter. City Center Advisors LLC now owns 12,102 shares of the cable giant’s stock valued at $506,000 after buying an additional 543 shares in the last quarter. Finally, Foster Group Inc. grew its holdings in shares of Comcast by 21.9% during the third quarter. Foster Group Inc. now owns 6,749 shares of the cable giant’s stock valued at $282,000 after buying an additional 1,211 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $40.95 on Wednesday. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The business has a 50-day moving average of $39.94 and a two-hundred day moving average of $39.49. The stock has a market capitalization of $160.67 billion, a P/E ratio of 10.83, a P/E/G 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 posted its quarterly earnings data 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 analyst estimates of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 earnings per share. On average, equities research analysts predict that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Announces Dividend

The company 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 dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.03%. Comcast’s dividend payout ratio is 32.80%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of research analyst reports. KeyCorp lowered their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price target on shares of Comcast in a report on Wednesday, July 24th. Evercore ISI reduced their price objective on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. Barclays reduced their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Finally, StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $45.55.

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.