One Charles Private Wealth Services LLC Makes New $276,000 Investment in Comcast Co. (NASDAQ:CMCSA)

One Charles Private Wealth Services LLC bought a new position in Comcast Co. (NASDAQ:CMCSA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,836 shares of the cable giant’s stock, valued at approximately $276,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Comcast by 16.7% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 275,912 shares of the cable giant’s stock worth $15,733,000 after buying an additional 39,500 shares during the period. IFM Investors Pty Ltd boosted its holdings in Comcast by 22.1% in the 2nd quarter. IFM Investors Pty Ltd now owns 607,787 shares of the cable giant’s stock valued at $34,656,000 after purchasing an additional 109,986 shares during the period. V Wealth Advisors LLC boosted its holdings in Comcast by 17.6% in the 2nd quarter. V Wealth Advisors LLC now owns 26,802 shares of the cable giant’s stock valued at $1,530,000 after purchasing an additional 4,012 shares during the period. Mount Yale Investment Advisors LLC boosted its holdings in Comcast by 8.1% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 126,531 shares of the cable giant’s stock valued at $7,215,000 after purchasing an additional 9,482 shares during the period. Finally, Trust Co. of Oklahoma boosted its holdings in Comcast by 11.6% in the 2nd quarter. Trust Co. of Oklahoma now owns 26,430 shares of the cable giant’s stock valued at $1,507,000 after purchasing an additional 2,745 shares during the period. 82.49% of the stock is owned by institutional investors and hedge funds.

Comcast stock traded up $1.05 during midday trading on Wednesday, hitting $56.64. 377,344 shares of the stock were exchanged, compared to its average volume of 16,353,840. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $259.96 billion, a PE ratio of 20.74, a P/E/G ratio of 1.20 and a beta of 1.02. The company has a fifty day simple moving average of $58.89 and a two-hundred day simple moving average of $57.00. Comcast Co. has a 52 week low of $40.97 and a 52 week high of $61.80.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 29th. The cable giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.67 by $0.17. The firm had revenue of $28.55 billion for the quarter, compared to the consensus estimate of $27.14 billion. Comcast had a net margin of 11.44% and a return on equity of 14.15%. As a group, equities research analysts anticipate that Comcast Co. will post 3.14 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 27th. Stockholders of record on Wednesday, October 6th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, October 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.77%. Comcast’s dividend payout ratio (DPR) is presently 38.31%.

A number of brokerages have recently issued reports on CMCSA. Redburn Partners began coverage on shares of Comcast in a research note on Friday, June 25th. They issued a “buy” rating and a $70.00 price objective for the company. Truist increased their price objective on shares of Comcast from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, July 30th. Wells Fargo & Company set a $57.55 price objective on shares of Comcast and gave the company a “sell” rating in a research note on Monday, July 19th. TD Securities increased their price objective on shares of Comcast from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, July 30th. Finally, Pivotal Research increased their target price on shares of Comcast from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, July 30th. One analyst has rated the stock with a sell rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $64.93.

Comcast Profile

Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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