Larson Financial Group LLC Has $826,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Larson Financial Group LLC boosted its position in Comcast Co. (NASDAQ:CMCSA) by 24.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,783 shares of the cable giant’s stock after acquiring an additional 3,927 shares during the period. Larson Financial Group LLC’s holdings in Comcast were worth $826,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Sompo Asset Management Co. Ltd. raised its position in shares of Comcast by 13.7% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 17,710 shares of the cable giant’s stock valued at $740,000 after acquiring an additional 2,130 shares during the last quarter. Swedbank AB grew its stake in shares of Comcast by 2.2% during the third quarter. Swedbank AB now owns 2,081,809 shares of the cable giant’s stock worth $86,957,000 after purchasing an additional 45,327 shares during the period. Penserra Capital Management LLC grew its stake in shares of Comcast by 3.3% during the third quarter. Penserra Capital Management LLC now owns 49,636 shares of the cable giant’s stock worth $2,072,000 after purchasing an additional 1,566 shares during the period. StoneX Group Inc. lifted its stake in Comcast by 1.8% in the third quarter. StoneX Group Inc. now owns 40,386 shares of the cable giant’s stock valued at $1,687,000 after buying an additional 696 shares during the period. Finally, KKM Financial LLC boosted its holdings in Comcast by 6.8% during the third quarter. KKM Financial LLC now owns 50,202 shares of the cable giant’s stock worth $2,097,000 after buying an additional 3,180 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

Shares of CMCSA opened at $43.20 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The stock has a market capitalization of $165.31 billion, a P/E ratio of 11.61, a P/E/G ratio of 1.64 and a beta of 1.00. The company has a 50 day moving average of $42.06 and a 200-day moving average of $40.08.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating 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 business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter last year, the firm earned $1.08 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities research analysts forecast that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors 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 dividend yield of 2.87%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is currently 33.33%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CMCSA shares. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, November 6th. KeyCorp lifted their price target 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. TD Cowen lowered their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Pivotal Research lifted their target price on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Macquarie increased their price target on Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $47.19.

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.