Souders Financial Advisors Purchases 4,501 Shares of Comcast Co. (NASDAQ:CMCSA)

Souders Financial Advisors raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 5.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,553 shares of the cable giant’s stock after buying an additional 4,501 shares during the period. Souders Financial Advisors’ holdings in Comcast were worth $3,532,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CMCSA. Entropy Technologies LP purchased a new stake in shares of Comcast during the first quarter worth about $1,932,000. Koshinski Asset Management Inc. purchased a new stake in shares of Comcast during the first quarter worth about $1,352,000. Dearborn Partners LLC boosted its holdings in shares of Comcast by 4.6% during the first quarter. Dearborn Partners LLC now owns 9,748 shares of the cable giant’s stock worth $423,000 after purchasing an additional 426 shares during the period. TBH Global Asset Management LLC boosted its holdings in shares of Comcast by 6.6% during the first quarter. TBH Global Asset Management LLC now owns 14,763 shares of the cable giant’s stock worth $640,000 after purchasing an additional 918 shares during the period. Finally, Kingsview Wealth Management LLC boosted its holdings in shares of Comcast by 6.6% during the first quarter. Kingsview Wealth Management LLC now owns 304,035 shares of the cable giant’s stock worth $13,180,000 after purchasing an additional 18,802 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Down 0.4 %

CMCSA opened at $44.04 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. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The firm’s fifty day moving average is $41.36 and its 200 day moving average is $39.79. The stock has a market cap of $168.52 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 1.68 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 EPS. On average, sell-side analysts forecast that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently declared 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 of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.82%. Comcast’s dividend payout ratio is currently 33.33%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CMCSA shares. KeyCorp increased their price target on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. TD Cowen decreased their target price 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. Pivotal Research raised their target price on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Finally, Wells Fargo & Company raised their price target on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus target price of $46.75.

Comcast Company 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.