Comcast Corporation $CMCSA Shares Purchased by Arkadios Wealth Advisors

Arkadios Wealth Advisors increased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 67.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 44,878 shares of the cable giant’s stock after acquiring an additional 18,007 shares during the period. Arkadios Wealth Advisors’ holdings in Comcast were worth $1,602,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dodge & Cox raised its holdings in Comcast by 19.1% in the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after buying an additional 15,115,074 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Comcast by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock worth $1,240,955,000 after buying an additional 926,663 shares during the period. Nuveen LLC acquired a new stake in shares of Comcast during the first quarter valued at about $940,015,000. Harris Associates L P raised its stake in shares of Comcast by 0.5% in the 1st quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock valued at $759,938,000 after acquiring an additional 111,662 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in shares of Comcast by 2.2% in the 1st quarter. Raymond James Financial Inc. now owns 20,243,358 shares of the cable giant’s stock worth $746,980,000 after acquiring an additional 427,705 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Williams Trading set a $40.00 target price on shares of Comcast in a report on Friday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. Pivotal Research decreased their target price on Comcast from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday. Rosenblatt Securities lowered their target price on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, October 17th. Finally, Barclays cut their price target on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $37.05.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $27.83 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.91. The company has a market cap of $102.75 billion, a price-to-earnings ratio of 4.63, a price-to-earnings-growth ratio of 1.62 and a beta of 0.94. The stock’s 50-day moving average is $31.40 and its two-hundred day moving average is $33.33. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The business had revenue of $30.34 billion during the quarter. Analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is presently 21.82%.

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.