Sendero Wealth Management LLC Increases Stock Position in Comcast Co. (NASDAQ:CMCSA)

Sendero Wealth Management LLC boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,295 shares of the cable giant’s stock after purchasing an additional 405 shares during the quarter. Sendero Wealth Management LLC’s holdings in Comcast were worth $1,182,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CMCSA. Steph & Co. increased its holdings in shares of Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 371 shares during the period. Fairscale Capital LLC purchased a new position in Comcast during the 2nd quarter worth $26,000. Strategic Financial Concepts LLC acquired a new stake in shares of Comcast in the 2nd quarter worth $27,000. IAG Wealth Partners LLC boosted its holdings in shares of Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares in the last quarter. Finally, Pineridge Advisors LLC purchased a new position in Comcast during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Rosenblatt Securities restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Barclays reduced their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Evercore ISI lowered their price target on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. Finally, Seaport Res Ptn cut Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $45.55.

Comcast Trading Down 0.1 %

CMCSA stock traded down $0.06 during trading on Thursday, reaching $41.34. 4,349,817 shares of the stock traded hands, compared to its average volume of 19,743,555. The firm has a market capitalization of $162.20 billion, a PE ratio of 10.95, 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. The business’s 50 day moving average price is $39.95 and its 200-day moving average price is $39.49. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data 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. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. During the same period in the previous year, the firm earned $1.13 earnings per share. Comcast’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, sell-side analysts forecast that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.00%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

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.