Comcast Corporation $CMCSA Shares Purchased by Means Investment CO. Inc.

Means Investment CO. Inc. increased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 6.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,204 shares of the cable giant’s stock after buying an additional 713 shares during the quarter. Means Investment CO. Inc.’s holdings in Comcast were worth $436,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC increased its stake in shares of Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after purchasing an additional 99,986 shares in the last quarter. Krilogy Financial LLC grew its holdings in Comcast by 4.5% in the first quarter. Krilogy Financial LLC now owns 17,874 shares of the cable giant’s stock valued at $660,000 after purchasing an additional 767 shares during the period. Elevation Point Wealth Partners LLC increased its position in shares of Comcast by 1.5% in the first quarter. Elevation Point Wealth Partners LLC now owns 117,034 shares of the cable giant’s stock valued at $4,319,000 after buying an additional 1,696 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Comcast by 19.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 883,677 shares of the cable giant’s stock worth $32,608,000 after buying an additional 143,593 shares during the period. Finally, Hennessy Advisors Inc. lifted its position in shares of Comcast by 31.1% during the 1st quarter. Hennessy Advisors Inc. now owns 149,600 shares of the cable giant’s stock valued at $5,520,000 after buying an additional 35,500 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several recent analyst reports. Benchmark reissued a “buy” rating on shares of Comcast in a report on Friday, July 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Comcast in a research note on Saturday, September 27th. Barclays reduced their price target on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. Bank of America cut their price objective on Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Finally, KeyCorp reduced their target price on Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $39.94.

Comcast Stock Performance

Shares of Comcast stock opened at $29.46 on Friday. The business’s 50 day moving average price is $32.48 and its 200 day moving average price is $33.93. The company has a market cap of $108.77 billion, a price-to-earnings ratio of 4.87, a PEG ratio of 1.74 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. Comcast Corporation has a one year low of $29.42 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The business had revenue of $30.34 billion for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%. On average, research analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.5%. The ex-dividend date is Wednesday, October 1st. Comcast’s payout ratio is presently 21.82%.

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.