J.W. Cole Advisors Inc. Buys 23,921 Shares of Comcast Co. (NASDAQ:CMCSA)

J.W. Cole Advisors Inc. boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 38.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,468 shares of the cable giant’s stock after buying an additional 23,921 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Comcast were worth $3,386,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. grew its stake in Comcast by 10.3% in the 4th quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock worth $685,000 after acquiring an additional 1,459 shares in the last quarter. Gryphon Financial Partners LLC grew its stake in Comcast by 71.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 50,539 shares of the cable giant’s stock worth $2,451,000 after acquiring an additional 21,112 shares in the last quarter. Jump Financial LLC bought a new position in Comcast in the 4th quarter worth about $800,000. Meridian Wealth Management LLC grew its stake in Comcast by 4.3% in the 4th quarter. Meridian Wealth Management LLC now owns 13,317 shares of the cable giant’s stock worth $584,000 after acquiring an additional 547 shares in the last quarter. Finally, Navellier & Associates Inc. bought a new position in Comcast in the 4th quarter worth about $203,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CMCSA. The Goldman Sachs Group began coverage on shares of Comcast in a research note on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. Macquarie reiterated a “neutral” rating and set a $40.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. Finally, Evercore ISI dropped their price objective on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $45.78.

Comcast Trading Up 0.6 %

NASDAQ:CMCSA opened at $39.55 on Friday. The firm has a 50 day moving average of $39.36 and a 200 day moving average of $39.74. The stock has a market capitalization of $153.16 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 1.03 and a beta of 1.01. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the company posted $1.13 earnings per share. As a group, sell-side analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a $0.31 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.14%. Comcast’s dividend payout ratio is currently 32.80%.

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.