Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC raised its position in Comcast Co. (NASDAQ:CMCSA) by 257.4% during the third quarter, HoldingsChannel reports. The firm owned 49,736 shares of the cable giant’s stock after purchasing an additional 35,820 shares during the period. Icon Wealth Advisors LLC’s holdings in Comcast were worth $2,077,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Fairscale Capital LLC acquired a new stake in Comcast during the second quarter worth about $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of Comcast during the 2nd quarter valued at approximately $27,000. IAG Wealth Partners LLC grew its position in Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after acquiring an additional 522 shares during the period. McClarren Financial Advisors Inc. increased its stake in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares during the last quarter. Finally, Archer Investment Corp lifted its stake in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

CMCSA stock opened at $43.47 on Friday. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The firm has a market capitalization of $166.34 billion, a P/E ratio of 11.69, a P/E/G ratio of 1.60 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The business’s 50-day moving average is $41.98 and its two-hundred day moving average is $40.03.

Comcast (NASDAQ:CMCSA) last issued its earnings results 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 net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter last year, the company earned $1.08 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. Analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.85%. Comcast’s payout ratio is currently 33.33%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CMCSA shares. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, November 6th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Macquarie boosted their target price on Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Finally, TD Cowen decreased their price target on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.19.

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.