Ullmann Wealth Partners Group LLC Purchases New Position in Comcast Co. (NASDAQ:CMCSA)

Ullmann Wealth Partners Group LLC purchased a new stake in Comcast Co. (NASDAQ:CMCSA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,316 shares of the cable giant’s stock, valued at approximately $347,000.

Several other institutional investors have also bought and sold shares of the stock. Swedbank AB raised its position in Comcast by 2.2% in the 3rd quarter. Swedbank AB now owns 2,081,809 shares of the cable giant’s stock valued at $86,957,000 after purchasing an additional 45,327 shares during the last quarter. NBC Securities Inc. raised its position in Comcast by 0.6% in the 3rd quarter. NBC Securities Inc. now owns 118,455 shares of the cable giant’s stock valued at $4,947,000 after purchasing an additional 763 shares during the last quarter. Occidental Asset Management LLC raised its position in Comcast by 10.4% in the 3rd quarter. Occidental Asset Management LLC now owns 62,938 shares of the cable giant’s stock valued at $2,629,000 after purchasing an additional 5,939 shares during the last quarter. Benson Investment Management Company Inc. bought a new position in Comcast in the 3rd quarter valued at $5,234,000. Finally, Michael S. Ryan Inc. raised its position in Comcast by 5.5% in the 3rd quarter. Michael S. Ryan Inc. now owns 7,261 shares of the cable giant’s stock valued at $303,000 after purchasing an additional 376 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Up 0.3 %

NASDAQ:CMCSA traded up $0.14 on Tuesday, reaching $42.11. The company’s stock had a trading volume of 14,841,688 shares, compared to its average volume of 19,673,049. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a market cap of $165.22 billion, a PE ratio of 11.10, a PEG ratio of 1.10 and a beta of 1.01. The business’s 50-day moving average price is $40.05 and its two-hundred day moving average price is $39.44.

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

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a dividend yield of 2.94%. Comcast’s dividend payout ratio is currently 32.80%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Rosenblatt Securities restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Evercore ISI dropped their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. KeyCorp dropped their target price on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Finally, The Goldman Sachs Group initiated coverage on Comcast in a research note on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Comcast presently has an average rating of “Hold” and a consensus price target of $45.55.

Comcast 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.