Aviso Wealth Management Acquires 18,689 Shares of Comcast Co. (NASDAQ:CMCSA)

Aviso Wealth Management lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 86.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,420 shares of the cable giant's stock after buying an additional 18,689 shares during the period. Aviso Wealth Management's holdings in Comcast were worth $1,688,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Koshinski Asset Management Inc. raised its holdings in Comcast by 0.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant's stock valued at $1,277,000 after acquiring an additional 249 shares during the period. Taurus Asset Management LLC boosted its position in shares of Comcast by 2.9% during the 3rd quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant's stock worth $381,000 after acquiring an additional 253 shares in the last quarter. Regent Peak Wealth Advisors LLC boosted its position 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 buying an additional 257 shares in the last quarter. Abich Financial Wealth Management LLC boosted its position in Comcast by 4.7% in the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant's stock valued at $243,000 after buying an additional 260 shares in the last quarter. Finally, Greenwich Wealth Management LLC boosted its position in Comcast by 2.7% in the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant's stock valued at $382,000 after buying an additional 261 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Comcast Trading Up 0.3 %

Comcast stock traded up $0.13 during trading hours on Monday, reaching $43.01. The stock had a trading volume of 6,912,983 shares, compared to its average volume of 19,568,234. The stock has a market cap of $164.58 billion, a PE ratio of 11.54, a PEG ratio of 1.63 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 debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The company has a fifty day simple moving average of $41.61 and a 200-day simple moving average of $39.89.

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

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.88%. The ex-dividend date is Wednesday, January 8th. Comcast's dividend payout ratio is currently 33.33%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Macquarie raised their target price on shares of Comcast from $40.00 to $42.00 and gave the company a "neutral" rating in a research report on Monday. Scotiabank upgraded shares of Comcast from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Benchmark reiterated a "buy" rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, October 30th. Pivotal Research lifted their target price on shares of Comcast from $47.00 to $54.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company lifted their price objective on shares of Comcast from $43.00 to $46.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Comcast presently has an average rating of "Moderate Buy" and a consensus price target of $46.88.

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.