Financial Perspectives Inc Buys 1,064 Shares of Comcast Co. (NASDAQ:CMCSA)

Financial Perspectives Inc grew its stake in Comcast Co. (NASDAQ:CMCSA) by 7.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,601 shares of the cable giant’s stock after purchasing an additional 1,064 shares during the quarter. Financial Perspectives Inc’s holdings in Comcast were worth $572,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CMCSA. Gilbert & Cook Inc. increased its position in Comcast by 10.3% during the 4th quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock worth $685,000 after buying an additional 1,459 shares during the period. Gryphon Financial Partners LLC increased its position in Comcast by 71.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 50,539 shares of the cable giant’s stock worth $2,451,000 after acquiring an additional 21,112 shares during the period. Jump Financial LLC acquired a new stake in Comcast in the 4th quarter worth about $800,000. Navellier & Associates Inc. acquired a new position in shares of Comcast during the 4th quarter worth approximately $203,000. Finally, NFC Investments LLC bought a new position in shares of Comcast during the fourth quarter worth approximately $7,714,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Up 0.6 %

Shares of CMCSA stock opened at $39.55 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $153.16 billion, a P/E ratio of 10.46, a P/E/G ratio of 1.03 and a beta of 1.01. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The stock’s fifty day simple moving average is $39.36 and its 200 day simple moving average is $39.72.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. The firm had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.13 earnings per share. As a group, sell-side analysts predict that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.14%. The ex-dividend date is Wednesday, October 2nd. Comcast’s payout ratio is presently 32.80%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. BNP Paribas downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target on the stock. in a research report on Tuesday, June 11th. The Goldman Sachs Group initiated coverage on Comcast in a research report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price target on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Macquarie restated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Finally, Pivotal Research cut their price target on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.78.

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.