Comcast Co. (NASDAQ:CMCSA) Shares Bought by Omnia Family Wealth LLC

Omnia Family Wealth LLC lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 5.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,759 shares of the cable giant’s stock after purchasing an additional 539 shares during the period. Omnia Family Wealth LLC’s holdings in Comcast were worth $449,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. raised its position in Comcast by 6.5% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 102,107 shares of the cable giant’s stock valued at $4,265,000 after purchasing an additional 6,228 shares during the last quarter. Metis Global Partners LLC grew its holdings in shares of Comcast by 0.7% during the third quarter. Metis Global Partners LLC now owns 202,375 shares of the cable giant’s stock worth $8,453,000 after buying an additional 1,385 shares during the last quarter. Curi RMB Capital LLC raised its stake in Comcast by 6.0% during the 3rd quarter. Curi RMB Capital LLC now owns 224,917 shares of the cable giant’s stock valued at $9,395,000 after acquiring an additional 12,766 shares during the last quarter. Planning Capital Management Corp lifted its position in Comcast by 156.1% during the 3rd quarter. Planning Capital Management Corp now owns 27,865 shares of the cable giant’s stock worth $1,164,000 after acquiring an additional 16,983 shares during the period. Finally, KBC Group NV raised its stake in shares of Comcast by 4.6% during the third quarter. KBC Group NV now owns 1,158,063 shares of the cable giant’s stock worth $48,372,000 after purchasing an additional 50,583 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Down 1.3 %

Comcast stock traded down $0.55 during trading on Thursday, reaching $43.36. The company had a trading volume of 4,959,862 shares, compared to its average volume of 19,559,336. The firm has a market capitalization of $165.92 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 1.67 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The stock’s 50 day moving average price is $41.47 and its two-hundred day moving average price is $39.82. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period in the previous year, the company posted $1.08 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts expect that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.86%. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, October 30th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Wednesday, November 6th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Finally, Wells Fargo & Company boosted their target price on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

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.