Knights of Columbus Asset Advisors LLC Purchases 1,122 Shares of Comcast Corporation $CMCSA

Knights of Columbus Asset Advisors LLC increased its position in Comcast Corporation (NASDAQ:CMCSA) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 257,131 shares of the cable giant’s stock after purchasing an additional 1,122 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Comcast were worth $9,177,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Inlight Wealth Management LLC bought a new position in Comcast in the first quarter valued at approximately $26,000. Cranbrook Wealth Management LLC boosted its position 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 purchasing an additional 350 shares during the last quarter. Global Trust Asset Management LLC grew its stake in shares of Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares during the period. Abound Financial LLC bought a new stake in Comcast in the first quarter valued at about $29,000. Finally, Ransom Advisory Ltd acquired a new position in Comcast in the first quarter valued at about $29,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on CMCSA. UBS Group set a $43.00 target price on Comcast in a research report on Friday. The Goldman Sachs Group decreased their price objective on shares of Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, September 24th. Citigroup reiterated a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Moffett Nathanson lifted their price target on shares of Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Finally, Bank of America lowered their price objective on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Comcast presently has a consensus rating of “Hold” and a consensus target price of $40.26.

Comcast Trading Up 1.6%

Shares of NASDAQ:CMCSA opened at $30.90 on Monday. The firm has a market cap of $114.09 billion, a price-to-earnings ratio of 5.11, a PEG ratio of 1.81 and a beta of 0.94. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a 12 month low of $30.38 and a 12 month high of $45.31. The company’s fifty day simple moving average is $32.73 and its 200 day simple moving average is $34.13.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The firm had revenue of $30.31 billion during the quarter, compared to analysts’ expectations of $29.81 billion. During the same quarter in the prior year, the company earned $1.21 EPS. The company’s revenue was up 2.1% on a year-over-year basis. As a group, research analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is currently 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.