Claro Advisors LLC Boosts Position in Comcast Co. (NASDAQ:CMCSA)

Claro Advisors LLC boosted its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 60.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,699 shares of the cable giant's stock after acquiring an additional 11,931 shares during the period. Claro Advisors LLC's holdings in Comcast were worth $1,324,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ritter Daniher Financial Advisory LLC DE acquired a new position in shares of Comcast in the 3rd quarter valued at $46,000. Concord Asset Management LLC VA boosted its holdings in shares of Comcast by 11.7% in the 3rd quarter. Concord Asset Management LLC VA now owns 51,424 shares of the cable giant's stock valued at $2,148,000 after buying an additional 5,405 shares in the last quarter. Atlanta Consulting Group Advisors LLC boosted its holdings in shares of Comcast by 14.0% in the 3rd quarter. Atlanta Consulting Group Advisors LLC now owns 16,672 shares of the cable giant's stock valued at $696,000 after buying an additional 2,050 shares in the last quarter. Meridian Investment Counsel Inc. boosted its holdings in shares of Comcast by 1.3% in the 3rd quarter. Meridian Investment Counsel Inc. now owns 86,248 shares of the cable giant's stock valued at $3,603,000 after buying an additional 1,079 shares in the last quarter. Finally, Coastline Trust Co boosted its holdings in shares of Comcast by 2.1% in the 3rd quarter. Coastline Trust Co now owns 60,305 shares of the cable giant's stock valued at $2,519,000 after buying an additional 1,250 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Price Performance

NASDAQ:CMCSA traded down $0.60 during mid-day trading on Friday, hitting $42.88. 18,344,398 shares of the company's stock traded hands, compared to its average volume of 19,773,458. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The firm's 50 day simple moving average is $41.61 and its 200 day simple moving average is $39.89. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The company has a market cap of $164.08 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion for the quarter, compared to analysts' expectations of $31.78 billion. During the same period last year, the company earned $1.08 EPS. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts expect that Comcast Co. will post 4.25 EPS for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.89%. Comcast's dividend payout ratio is presently 33.33%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Comcast from $43.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. Rosenblatt Securities reiterated a "neutral" rating and set a $45.00 price target on shares of Comcast in a research note on Wednesday, November 6th. StockNews.com cut shares of Comcast from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, September 24th. Macquarie reiterated a "neutral" rating and set a $40.00 price target on shares of Comcast in a research note on Friday, November 1st. Finally, TD Cowen decreased their price target 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently 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.