Merriman Wealth Management LLC Purchases New Holdings in Comcast Corporation (CMCSA)
Merriman Wealth Management LLC purchased a new stake in Comcast Corporation (NASDAQ:CMCSA) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 5,271 shares of the cable giant’s stock, valued at approximately $203,000.
A number of other institutional investors have also recently bought and sold shares of CMCSA. Zions Bancorporation boosted its holdings in Comcast by 16.8% during the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after buying an additional 410 shares during the last quarter. Clear Perspective Advisors LLC boosted its holdings in Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after buying an additional 1,362 shares during the last quarter. MPS Loria Financial Planners LLC bought a new position in Comcast during the second quarter worth about $107,000. First Bank & Trust raised its position in shares of Comcast by 84.9% during the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after purchasing an additional 1,302 shares during the period. Finally, Founders Capital Management acquired a new stake in shares of Comcast during the first quarter worth about $113,000. Institutional investors and hedge funds own 82.13% of the company’s stock.
A number of research firms have recently commented on CMCSA. Pivotal Research reaffirmed a “buy” rating and set a $50.00 price target on shares of Comcast in a research report on Tuesday. BidaskClub raised Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 5th. Royal Bank of Canada reaffirmed a “buy” rating and set a $45.00 price target on shares of Comcast in a research report on Wednesday, October 18th. Macquarie reaffirmed a “buy” rating and set a $40.00 price target on shares of Comcast in a research report on Thursday, December 7th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Comcast in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have assigned a buy rating to the company. Comcast presently has a consensus rating of “Buy” and a consensus price target of $45.72.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at $39.14 on Wednesday. The stock has a market capitalization of $184,800.91, a P/E ratio of 19.62, a P/E/G ratio of 1.90 and a beta of 1.01. Comcast Corporation has a 1 year low of $34.12 and a 1 year high of $42.18. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The firm had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 EPS. equities analysts expect that Comcast Corporation will post 2.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is 30.36%.
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Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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