Flagship Harbor Advisors LLC Buys 2,769 Shares of Comcast Co. (NASDAQ:CMCSA)

Flagship Harbor Advisors LLC grew its stake in shares of Comcast Co. (NASDAQ:CMCSAGet Rating) by 9.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,897 shares of the cable giant’s stock after acquiring an additional 2,769 shares during the period. Flagship Harbor Advisors LLC’s holdings in Comcast were worth $1,212,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Baker Tilly Wealth Management LLC increased its holdings in Comcast by 40.7% during the first quarter. Baker Tilly Wealth Management LLC now owns 73,266 shares of the cable giant’s stock valued at $3,430,000 after buying an additional 21,211 shares during the period. WC Walker & Associates Inc. grew its holdings in Comcast by 1.5% in the first quarter. WC Walker & Associates Inc. now owns 50,498 shares of the cable giant’s stock worth $2,419,000 after purchasing an additional 740 shares during the last quarter. Cooper Financial Group grew its holdings in Comcast by 5.1% in the first quarter. Cooper Financial Group now owns 7,803 shares of the cable giant’s stock worth $365,000 after purchasing an additional 382 shares during the last quarter. Toroso Investments LLC grew its holdings in Comcast by 38.4% in the first quarter. Toroso Investments LLC now owns 167,887 shares of the cable giant’s stock worth $7,860,000 after purchasing an additional 46,584 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in Comcast by 1.4% in the first quarter. New York State Common Retirement Fund now owns 11,590,939 shares of the cable giant’s stock worth $542,688,000 after purchasing an additional 155,051 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Comcast Price Performance

CMCSA opened at $32.70 on Thursday. The company has a fifty day simple moving average of $37.87 and a 200 day simple moving average of $41.47. The firm has a market cap of $144.31 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 0.69 and a beta of 0.90. Comcast Co. has a twelve month low of $32.68 and a twelve month high of $57.96. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04.

Comcast (NASDAQ:CMCSAGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The cable giant reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.09. Comcast had a net margin of 11.54% and a return on equity of 16.67%. The firm had revenue of $30.02 billion for the quarter, compared to the consensus estimate of $29.72 billion. During the same period in the prior year, the firm posted $0.84 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. Equities research analysts expect that Comcast Co. will post 3.62 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be given a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.30%. Comcast’s payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of research reports. Raymond James reissued a “hold” rating on shares of Comcast in a research note on Friday, July 8th. Cowen dropped their price objective on shares of Comcast from $60.00 to $51.00 in a research note on Friday, July 29th. Macquarie cut shares of Comcast from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $40.00 to $33.00 in a research note on Friday, July 29th. Wolfe Research cut shares of Comcast from a “market perform” rating to an “underperform” rating and set a $39.00 price objective for the company. in a research note on Friday, July 29th. Finally, TD Securities increased their price target on shares of Comcast from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $51.75.

Comcast Company Profile

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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

See Also

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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