Crumly & Associates Inc. Has $601,000 Stock Position in Comcast Co. (NASDAQ:CMCSA)

Crumly & Associates Inc. lowered its position in Comcast Co. (NASDAQ:CMCSA) by 6.1% during the third quarter, HoldingsChannel.com reports. The firm owned 14,384 shares of the cable giant’s stock after selling 940 shares during the quarter. Crumly & Associates Inc.’s holdings in Comcast were worth $601,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fairscale Capital LLC purchased a new position in Comcast in the second quarter valued at about $26,000. McClarren Financial Advisors Inc. grew its stake in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares in the last quarter. Iron Horse Wealth Management LLC grew its stake in Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 522 shares in the last quarter. IAG Wealth Partners LLC grew its stake in Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares in the last quarter. Finally, Archer Investment Corp grew its stake in Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CMCSA shares. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price target on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays upped their price target on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. TD Cowen cut their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Wells Fargo & Company boosted their price objective on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Comcast has a consensus rating of “Moderate Buy” and an average price target of $46.75.

Comcast Trading Down 0.6 %

Shares of CMCSA opened at $43.91 on Friday. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock has a 50 day simple moving average of $41.18 and a 200-day simple moving average of $39.71. The stock has a market cap of $170.04 billion, a PE ratio of 11.80, a PEG ratio of 1.61 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Comcast’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.08 EPS. On average, sell-side analysts predict that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.82%. Comcast’s dividend payout ratio (DPR) is presently 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.