Comcast Corporation $CMCSA Shares Purchased by Lindenwold Advisors INC

Lindenwold Advisors INC increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,727 shares of the cable giant’s stock after purchasing an additional 849 shares during the period. Lindenwold Advisors INC’s holdings in Comcast were worth $1,061,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CMCSA. Inlight Wealth Management LLC acquired a new stake in shares of Comcast in the 1st quarter worth $26,000. Cranbrook Wealth Management LLC lifted its stake in shares of Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after acquiring an additional 350 shares during the period. Global Trust Asset Management LLC lifted its stake in shares of Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after acquiring an additional 671 shares during the period. Abound Financial LLC acquired a new stake in shares of Comcast in the 1st quarter worth $29,000. Finally, Ransom Advisory Ltd acquired a new stake in shares of Comcast in the 1st quarter worth $29,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $29.46 on Friday. The company has a market cap of $108.77 billion, a PE ratio of 4.87, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. Comcast Corporation has a 12 month low of $29.42 and a 12 month high of $45.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The company has a 50-day simple moving average of $32.48 and a 200-day simple moving average of $33.95.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The business had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. On average, equities analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. Comcast’s payout ratio is 21.82%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CMCSA. Arete Research upgraded shares of Comcast to a “hold” rating in a report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a report on Monday, October 6th. Rosenblatt Securities increased their price target on shares of Comcast from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Royal Bank Of Canada began coverage on shares of Comcast in a report on Monday, September 8th. They issued a “sector perform” rating and a $38.00 price target for the company. Finally, Scotiabank reiterated a “sector perform” rating and issued a $45.50 price target (up previously from $45.00) on shares of Comcast in a report on Monday. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $39.94.

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.