Catalina Capital Group LLC Has $853,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Catalina Capital Group LLC raised its stake in Comcast Co. (NASDAQ:CMCSA) by 9.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,410 shares of the cable giant’s stock after buying an additional 1,711 shares during the period. Catalina Capital Group LLC’s holdings in Comcast were worth $853,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Koshinski Asset Management Inc. grew its position in shares of Comcast by 0.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after buying an additional 249 shares during the period. Regent Peak Wealth Advisors LLC increased its stake in Comcast by 3.1% in the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock valued at $353,000 after purchasing an additional 257 shares in the last quarter. Abich Financial Wealth Management LLC raised its holdings in shares of Comcast by 4.7% during the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after purchasing an additional 260 shares during the period. Greenwich Wealth Management LLC boosted its position in shares of Comcast by 2.7% during the 2nd quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after purchasing an additional 261 shares in the last quarter. Finally, Saxon Interests Inc. grew its stake in shares of Comcast by 2.0% in the 3rd quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock valued at $566,000 after buying an additional 262 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ CMCSA opened at $42.56 on Wednesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $164.81 billion, a PE ratio of 11.44, a price-to-earnings-growth 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 company has a 50-day simple moving average of $40.89 and a 200 day simple moving average of $39.62.

Comcast (NASDAQ:CMCSA) last posted 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. 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 analysts’ expectations of $31.78 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. Comcast’s revenue was up 6.5% on a year-over-year basis. On average, research analysts predict that Comcast Co. will post 4.27 EPS for the current year.

Comcast Announces Dividend

The company 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 $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.91%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CMCSA shares. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. TD Cowen decreased their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company upped their target price on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Finally, Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of Comcast in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus 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.