Prospera Financial Services Inc Increases Holdings in Comcast Co. (NASDAQ:CMCSA)

Prospera Financial Services Inc lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 15.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 307,826 shares of the cable giant's stock after acquiring an additional 40,449 shares during the quarter. Prospera Financial Services Inc's holdings in Comcast were worth $12,858,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Edgestream Partners L.P. lifted its position in shares of Comcast by 8.0% during the 1st quarter. Edgestream Partners L.P. now owns 47,974 shares of the cable giant's stock valued at $2,080,000 after acquiring an additional 3,553 shares during the period. Lake Street Advisors Group LLC lifted its position in shares of Comcast by 50.1% during the 1st quarter. Lake Street Advisors Group LLC now owns 46,838 shares of the cable giant's stock valued at $2,030,000 after acquiring an additional 15,634 shares during the period. Oxford Financial Group LTD. LLC lifted its position in shares of Comcast by 8.1% during the 1st quarter. Oxford Financial Group LTD. LLC now owns 5,976 shares of the cable giant's stock valued at $259,000 after acquiring an additional 449 shares during the period. Pitcairn Co. lifted its position in shares of Comcast by 4.7% during the 1st quarter. Pitcairn Co. now owns 59,903 shares of the cable giant's stock valued at $2,597,000 after acquiring an additional 2,714 shares during the period. Finally, InterOcean Capital Group LLC lifted its position in shares of Comcast by 6.0% during the 1st quarter. InterOcean Capital Group LLC now owns 11,109 shares of the cable giant's stock valued at $482,000 after acquiring an additional 630 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CMCSA shares. Deutsche Bank Aktiengesellschaft upped their target price on Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Rosenblatt Securities reissued a "neutral" rating and set a $45.00 price target on shares of Comcast in a report on Wednesday, November 6th. Pivotal Research upped their target price on Comcast from $47.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Scotiabank raised Comcast from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Finally, TD Cowen lowered their target price on Comcast from $50.00 to $48.00 and set a "buy" rating for the company in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $47.19.

Comcast Trading Down 1.3 %

Shares of Comcast stock traded down $0.58 on Tuesday, reaching $42.42. 7,116,972 shares of the company's stock were exchanged, compared to its average volume of 19,567,061. The company has a market capitalization of $162.32 billion, a P/E ratio of 11.47, a price-to-earnings-growth 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 firm's 50-day moving average is $41.67 and its two-hundred day moving average is $39.93. 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 - Get Free Report) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. 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 business earned $1.08 EPS. Comcast's quarterly revenue was up 6.5% compared to the same quarter last year. Sell-side analysts predict that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors 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 2.92%. The ex-dividend date is Wednesday, January 8th. Comcast's dividend payout ratio is currently 33.33%.

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.