Turtle Creek Wealth Advisors LLC Boosts Stock Position in Comcast Co. (NASDAQ:CMCSA)

Turtle Creek Wealth Advisors LLC boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 116,168 shares of the cable giant’s stock after buying an additional 250 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Comcast were worth $4,852,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Fairscale Capital LLC bought a new stake in shares of Comcast in the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Comcast in the 2nd quarter worth approximately $27,000. IAG Wealth Partners LLC grew its position in shares of Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after buying an additional 522 shares during the last quarter. McClarren Financial Advisors Inc. grew its position in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after buying an additional 570 shares during the last quarter. Finally, Archer Investment Corp grew its position in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after buying an additional 519 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Down 1.4 %

Shares of Comcast stock traded down $0.60 on Friday, reaching $42.88. The company’s stock had a trading volume of 18,344,398 shares, compared to its average volume of 19,624,908. The company has a market capitalization of $164.08 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 1.66 and a beta of 1.00. The firm’s fifty day simple moving average is $41.61 and its two-hundred day simple moving average is $39.87. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. 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 (NASDAQ:CMCSA) last posted its 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. The business had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.08 EPS. Equities analysts anticipate that Comcast Co. will post 4.25 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. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CMCSA shares. TD Cowen cut their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Wednesday, November 6th. Pivotal Research raised their target price on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Benchmark restated a “buy” rating and issued a $55.00 target price on shares of Comcast in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.