Nicolet Advisory Services LLC Grows Position in Comcast Co. (NASDAQ:CMCSA)

Nicolet Advisory Services LLC raised its position in Comcast Co. (NASDAQ:CMCSA) by 4.0% during the third quarter, HoldingsChannel.com reports. The firm owned 30,684 shares of the cable giant’s stock after purchasing an additional 1,170 shares during the period. Nicolet Advisory Services LLC’s holdings in Comcast were worth $1,252,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CMCSA. Koshinski Asset Management Inc. grew its position in shares of Comcast by 0.8% in the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after purchasing an additional 249 shares during the period. Taurus Asset Management LLC boosted its holdings in Comcast by 2.9% in the 3rd quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock worth $381,000 after buying an additional 253 shares during the last quarter. Regent Peak Wealth Advisors LLC increased its stake in Comcast by 3.1% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after buying an additional 257 shares in the last quarter. Abich Financial Wealth Management LLC lifted its position in shares of Comcast by 4.7% in the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after acquiring an additional 260 shares in the last quarter. Finally, Greenwich Wealth Management LLC boosted its stake in shares of Comcast by 2.7% in the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after acquiring an additional 261 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ CMCSA opened at $43.47 on Friday. The stock has a fifty day simple moving average of $41.98 and a 200-day simple moving average of $40.03. 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 market cap of $166.34 billion, a PE ratio of 11.69, a P/E/G ratio of 1.65 and a beta of 1.00. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11.

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

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.31 dividend. 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 payout ratio is 33.33%.

Analysts Set New Price Targets

Several research analysts recently commented on CMCSA shares. KeyCorp increased their price objective on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Wednesday, November 6th. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Macquarie increased their price objective on shares of Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Finally, TD Cowen lowered their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.