Simon Quick Advisors LLC Buys 404 Shares of Comcast Co. (NASDAQ:CMCSA)

Simon Quick Advisors LLC grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 11.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,026 shares of the cable giant’s stock after acquiring an additional 404 shares during the period. Simon Quick Advisors LLC’s holdings in Comcast were worth $186,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CMCSA. CRA Financial Services LLC raised its position in Comcast by 1.3% in the third quarter. CRA Financial Services LLC now owns 16,969 shares of the cable giant’s stock valued at $785,000 after purchasing an additional 224 shares during the last quarter. Creative Financial Designs Inc. ADV raised its position in Comcast by 14.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,860 shares of the cable giant’s stock valued at $86,000 after purchasing an additional 228 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Comcast by 0.7% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 35,032 shares of the cable giant’s stock valued at $1,621,000 after purchasing an additional 230 shares during the last quarter. TrinityPoint Wealth LLC raised its position in Comcast by 0.6% in the second quarter. TrinityPoint Wealth LLC now owns 37,006 shares of the cable giant’s stock valued at $1,442,000 after purchasing an additional 233 shares during the last quarter. Finally, Telemus Capital LLC raised its position in Comcast by 0.7% in the second quarter. Telemus Capital LLC now owns 33,304 shares of the cable giant’s stock valued at $1,349,000 after purchasing an additional 239 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on CMCSA. Benchmark raised their price objective on Comcast from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, September 22nd. They noted that the move was a valuation call. Credit Suisse Group raised their price objective on Comcast from $50.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 23rd. Morgan Stanley raised their price objective on Comcast from $49.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, October 16th. Barclays raised their price objective on Comcast from $46.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, October 16th. Finally, Citigroup raised their price objective on Comcast from $49.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, October 16th. Nine investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $49.55.

Shares of NASDAQ:CMCSA opened at $43.44 on Wednesday. The stock has a market cap of $198.44 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.87 and a beta of 0.93. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.25. Comcast Co. has a 12-month low of $31.70 and a 12-month high of $47.74. The business’s 50 day moving average is $45.27 and its 200 day moving average is $41.57.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 30th. The cable giant reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.14. The company had revenue of $23.72 billion for the quarter, compared to analysts’ expectations of $23.56 billion. Comcast had a return on equity of 16.66% and a net margin of 10.91%. Comcast’s quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 earnings per share. As a group, equities research analysts expect that Comcast Co. will post 2.47 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, October 6th. This represents a $0.92 annualized dividend and a dividend yield of 2.12%. Comcast’s payout ratio is 29.39%.

In related news, CEO Jeff Shell sold 99,484 shares of Comcast stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $42.91, for a total transaction of $4,268,858.44. Company insiders own 1.14% of the company’s stock.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, wireless, and security and automation services to residential and business customers under the Xfinity brand; and advertising services.

Further Reading: Hedge Funds – Risk or Reward?

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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