Pekin Hardy Strauss Inc. Makes New Investment in Comcast Co. (NASDAQ:CMCSA)

Pekin Hardy Strauss Inc. purchased a new stake in shares of Comcast Co. (NASDAQ:CMCSA) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,974 shares of the cable giant’s stock, valued at approximately $333,000.

Several other large investors have also recently modified their holdings of the stock. Fairscale Capital LLC purchased a new stake in Comcast during the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of Comcast during the second quarter valued at $27,000. IAG Wealth Partners LLC increased its holdings in Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after buying an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. raised its position in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after buying an additional 570 shares during the last quarter. Finally, Archer Investment Corp lifted its stake in Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 519 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Benchmark reiterated a “buy” rating and issued a $60.00 price target on shares of Comcast in a research note on Tuesday, November 19th. KeyCorp lifted their target price on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Evercore ISI raised Comcast to a “strong-buy” rating in a report on Thursday. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. Finally, Wells Fargo & Company upped their price objective on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $47.19.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $43.47 on Monday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The firm has a fifty day moving average price of $41.98 and a 200-day moving average price of $40.05. The stock has a market cap of $166.34 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $1.08 earnings per share. Equities analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.85%. Comcast’s payout ratio is 33.33%.

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.