Soltis Investment Advisors LLC Purchases 70,749 Shares of Comcast Corporation $CMCSA

Soltis Investment Advisors LLC lifted its position in Comcast Corporation (NASDAQ:CMCSA) by 114.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 132,444 shares of the cable giant’s stock after purchasing an additional 70,749 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Comcast were worth $4,727,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Foster Group Inc. grew its position in Comcast by 4.0% in the second quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock worth $265,000 after acquiring an additional 282 shares in the last quarter. Argyle Capital Management LLC grew its position in Comcast by 0.5% in the second quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock worth $2,184,000 after acquiring an additional 300 shares in the last quarter. Clearstead Trust LLC grew its position in Comcast by 5.2% in the first quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock worth $227,000 after acquiring an additional 305 shares in the last quarter. Webster Bank N. A. grew its position in Comcast by 2.9% in the second quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock worth $386,000 after acquiring an additional 305 shares in the last quarter. Finally, United Asset Strategies Inc. grew its position in Comcast by 2.2% in the first quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock worth $519,000 after acquiring an additional 308 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the subject of several recent research reports. Sanford C. Bernstein dropped their price target on Comcast from $36.00 to $34.00 and set a “market perform” rating for the company in a research report on Friday, October 31st. Royal Bank Of Canada dropped their target price on Comcast from $38.00 to $32.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Williams Trading set a $40.00 target price on Comcast in a research report on Friday, October 31st. Morgan Stanley dropped their target price on Comcast from $35.00 to $32.00 and set an “equal weight” rating for the company in a research report on Friday, October 31st. Finally, Loop Capital dropped their target price on Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Ten analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Comcast presently has a consensus rating of “Hold” and a consensus target price of $36.29.

Comcast Stock Up 1.8%

Shares of NASDAQ CMCSA opened at $27.94 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $103.16 billion, a price-to-earnings ratio of 4.65, a PEG ratio of 1.77 and a beta of 0.92. The stock has a 50 day moving average price of $31.02 and a 200 day moving average price of $33.18. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $45.22.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The firm had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. Sell-side analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be issued a $0.33 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.7%. Comcast’s payout ratio is presently 21.96%.

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.