Pure Financial Advisors LLC Buys 1,415 Shares of Comcast Corporation $CMCSA

Pure Financial Advisors LLC lifted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 18.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,107 shares of the cable giant’s stock after acquiring an additional 1,415 shares during the quarter. Pure Financial Advisors LLC’s holdings in Comcast were worth $325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in CMCSA. Inlight Wealth Management LLC acquired a new stake in Comcast during the first quarter worth approximately $26,000. Cranbrook Wealth Management LLC grew its stake in Comcast by 86.0% during the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares during the period. Global Trust Asset Management LLC grew its stake in Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares during the period. Abound Financial LLC acquired a new stake in Comcast during the first quarter worth approximately $29,000. Finally, Ransom Advisory Ltd acquired a new stake in Comcast during the first quarter worth approximately $29,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 1.6%

CMCSA stock opened at $30.90 on Friday. Comcast Corporation has a twelve month low of $30.38 and a twelve month high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The stock’s 50 day moving average is $32.73 and its 200-day moving average is $34.16. The firm has a market capitalization of $114.09 billion, a PE ratio of 5.11, a P/E/G ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. During the same quarter last year, the company earned $1.21 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is currently 21.82%.

Analysts Set New Price Targets

Several research firms recently commented on CMCSA. UBS Group set a $43.00 target price on Comcast in a research note on Friday. Loop Capital decreased their target price on Comcast from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday. Morgan Stanley reduced their price objective on Comcast from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, August 4th. KeyCorp reduced their price objective on Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Bank of America reduced 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. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Comcast has an average rating of “Hold” and a consensus price target of $40.26.

Comcast Company 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.