Ground Swell Capital LLC Acquires Shares of 11,029 Comcast Co. (NASDAQ:CMCSA)

Ground Swell Capital LLC acquired a new stake in Comcast Co. (NASDAQ:CMCSA) in the third quarter, Holdings Channel.com reports. The firm acquired 11,029 shares of the cable giant’s stock, valued at approximately $461,000.

Several other large investors have also made changes to their positions in CMCSA. Lincoln National Corp lifted its position in shares of Comcast by 3.1% in the first quarter. Lincoln National Corp now owns 61,838 shares of the cable giant’s stock valued at $2,681,000 after acquiring an additional 1,846 shares in the last quarter. Financial Counselors Inc. lifted its stake in shares of Comcast by 4.9% in the first quarter. Financial Counselors Inc. now owns 45,158 shares of the cable giant’s stock worth $1,958,000 after buying an additional 2,111 shares in the last quarter. Salomon & Ludwin LLC lifted its stake in Comcast by 15.5% in the 1st quarter. Salomon & Ludwin LLC now owns 3,609 shares of the cable giant’s stock worth $156,000 after purchasing an additional 484 shares in the last quarter. Mutual Advisors LLC boosted its holdings in shares of Comcast by 19.6% during the 1st quarter. Mutual Advisors LLC now owns 48,617 shares of the cable giant’s stock worth $2,108,000 after purchasing an additional 7,980 shares during the last quarter. Finally, Boomfish Wealth Group LLC grew its position in shares of Comcast by 4.0% in the first quarter. Boomfish Wealth Group LLC now owns 30,897 shares of the cable giant’s stock valued at $1,339,000 after purchasing an additional 1,198 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Down 0.3 %

Shares of NASDAQ:CMCSA opened at $43.56 on Monday. The firm has a fifty day moving average price of $40.80 and a 200 day moving average price of $39.58. 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 1.14, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a market cap of $168.69 billion, a P/E ratio of 11.71, a P/E/G ratio of 1.15 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS 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 firm had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same period in the prior year, the business earned $1.08 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. Sell-side analysts predict that Comcast Co. will post 4.24 EPS for the current year.

Comcast Announces Dividend

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

Analysts Set New Price Targets

CMCSA has been the subject of a number of recent research reports. TD Cowen cut their target price on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $47.75 to $48.00 in a report on Friday. Wells Fargo & Company lifted their price target on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday. KeyCorp raised their target price on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and an average target price of $46.63.

About Comcast

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.