Marks Group Wealth Management Inc Lowers Stock Position in Comcast Co. (NASDAQ:CMCSA)

Marks Group Wealth Management Inc lowered its position in Comcast Co. (NASDAQ:CMCSA) by 0.7% in the third quarter, HoldingsChannel reports. The fund owned 56,639 shares of the cable giant’s stock after selling 407 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Comcast were worth $2,366,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CMCSA. SPC Financial Inc. lifted its stake in Comcast by 4.0% in the 1st quarter. SPC Financial Inc. now owns 49,636 shares of the cable giant’s stock valued at $2,152,000 after buying an additional 1,903 shares in the last quarter. TFG Advisers LLC lifted its position in shares of Comcast by 30.8% in the first quarter. TFG Advisers LLC now owns 8,910 shares of the cable giant’s stock valued at $386,000 after acquiring an additional 2,097 shares in the last quarter. Davidson Capital Management Inc. increased its position in shares of Comcast by 1.7% during the first quarter. Davidson Capital Management Inc. now owns 52,829 shares of the cable giant’s stock worth $2,290,000 after purchasing an additional 880 shares in the last quarter. CFO4Life Group LLC lifted its holdings in Comcast by 20.6% in the 1st quarter. CFO4Life Group LLC now owns 8,911 shares of the cable giant’s stock valued at $386,000 after purchasing an additional 1,520 shares in the last quarter. Finally, Duality Advisers LP acquired a new stake in Comcast during the 1st quarter worth $436,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Up 0.1 %

CMCSA opened at $42.56 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market cap of $164.81 billion, a P/E ratio of 11.44, a P/E/G ratio of 1.14 and a beta of 1.00. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The business has a fifty day simple moving average of $40.89 and a 200-day simple moving average of $39.62.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period in the prior year, the firm earned $1.08 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities analysts expect that Comcast Co. will post 4.27 earnings per share for the current year.

Comcast Announces Dividend

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 dividend yield of 2.91%. Comcast’s dividend payout ratio (DPR) is 33.33%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CMCSA. KeyCorp raised their price target on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Benchmark restated a “buy” rating and set a $55.00 target price on shares of Comcast in a report on Wednesday, October 30th. TD Cowen cut their price target on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Pivotal Research lifted their price target on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One 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 data from MarketBeat, the company presently has an average 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.