Atomi Financial Group Inc. Boosts Stock Position in Comcast Co. (NASDAQ:CMCSA)

Atomi Financial Group Inc. boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 26.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,517 shares of the cable giant’s stock after purchasing an additional 6,941 shares during the quarter. Atomi Financial Group Inc.’s holdings in Comcast were worth $1,400,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CMCSA. Steph & Co. grew its position in shares of Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after acquiring an additional 371 shares in the last quarter. Fairscale Capital LLC acquired a new position in shares of Comcast in the 2nd quarter worth approximately $26,000. Pineridge Advisors LLC acquired a new position in shares of Comcast in the 4th quarter worth approximately $32,000. Financial Synergies Wealth Advisors Inc. grew its position in shares of Comcast by 336.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after acquiring an additional 593 shares in the last quarter. Finally, IAG Wealth Partners LLC boosted its position in Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. The Goldman Sachs Group assumed coverage on Comcast in a research report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective for the company. Macquarie restated a “neutral” rating and set a $40.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. KeyCorp reduced their price objective on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Finally, BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective for the company. in a research report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast has a consensus rating of “Hold” and a consensus price target of $45.55.

Comcast Stock Up 1.0 %

CMCSA opened at $40.95 on Wednesday. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The stock’s fifty day moving average is $39.94 and its 200-day moving average is $39.49. The company has a market capitalization of $160.67 billion, a PE ratio of 10.83, a P/E/G ratio of 1.08 and a beta of 1.01.

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. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. During the same quarter in the previous year, the business earned $1.13 EPS. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities analysts predict that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Announces Dividend

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

About Comcast

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.