Maia Wealth LLC Has $399,000 Stake in Comcast Co. (NASDAQ:CMCSA)

Maia Wealth LLC increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 38.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,577 shares of the cable giant’s stock after buying an additional 2,656 shares during the quarter. Maia Wealth LLC’s holdings in Comcast were worth $399,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CMCSA. Radnor Capital Management LLC increased its holdings in Comcast by 10.5% in the 3rd quarter. Radnor Capital Management LLC now owns 128,905 shares of the cable giant’s stock valued at $5,384,000 after buying an additional 12,225 shares during the period. Catalina Capital Group LLC raised its position in Comcast by 9.2% during the third quarter. Catalina Capital Group LLC now owns 20,410 shares of the cable giant’s stock valued at $853,000 after purchasing an additional 1,711 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its stake in Comcast by 2.1% during the third quarter. Avidian Wealth Enterprises LLC now owns 16,058 shares of the cable giant’s stock worth $671,000 after purchasing an additional 327 shares during the last quarter. Fiduciary Family Office LLC boosted its holdings in shares of Comcast by 6.0% in the 3rd quarter. Fiduciary Family Office LLC now owns 36,522 shares of the cable giant’s stock valued at $1,526,000 after purchasing an additional 2,074 shares in the last quarter. Finally, Heritage Investors Management Corp increased its stake in shares of Comcast by 0.3% in the 3rd quarter. Heritage Investors Management Corp now owns 391,122 shares of the cable giant’s stock valued at $16,337,000 after purchasing an additional 1,263 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $47.75 to $48.00 in a research report on Friday, November 1st. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, October 30th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Wednesday. Macquarie reiterated a “neutral” rating and set a $40.00 price target on shares of Comcast in a report on Friday, November 1st. Finally, StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $46.75.

Comcast Trading Up 6.1 %

NASDAQ:CMCSA opened at $45.14 on Thursday. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The firm’s fifty day moving average is $41.00 and its 200-day moving average is $39.66. The firm has a market cap of $174.80 billion, a P/E ratio of 12.13, a P/E/G ratio of 1.14 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $1.08 EPS. Equities analysts expect that Comcast Co. will post 4.27 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.75%. Comcast’s payout ratio is currently 33.33%.

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.