Welch Group LLC Purchases 3,351 Shares of Comcast Corporation $CMCSA

Welch Group LLC increased its position in Comcast Corporation (NASDAQ:CMCSA) by 58.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,126 shares of the cable giant’s stock after buying an additional 3,351 shares during the quarter. Welch Group LLC’s holdings in Comcast were worth $326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CMCSA. Brighton Jones LLC lifted its stake in Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after purchasing an additional 99,986 shares during the last quarter. Krilogy Financial LLC lifted its stake in shares of Comcast by 4.5% in the 1st quarter. Krilogy Financial LLC now owns 17,874 shares of the cable giant’s stock valued at $660,000 after acquiring an additional 767 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Comcast by 19.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 883,677 shares of the cable giant’s stock valued at $32,608,000 after acquiring an additional 143,593 shares during the last quarter. Hennessy Advisors Inc. lifted its stake in shares of Comcast by 31.1% in the 1st quarter. Hennessy Advisors Inc. now owns 149,600 shares of the cable giant’s stock valued at $5,520,000 after acquiring an additional 35,500 shares during the last quarter. Finally, Grant Private Wealth Management Inc lifted its position in Comcast by 19.2% in the first quarter. Grant Private Wealth Management Inc now owns 8,491 shares of the cable giant’s stock valued at $313,000 after purchasing an additional 1,368 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several recent research reports. Rosenblatt Securities boosted their price objective on Comcast from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. KeyCorp lowered their price target on Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Comcast in a research report on Saturday, September 27th. UBS Group set a $43.00 target price on Comcast in a report on Friday, October 3rd. Finally, Rothschild & Co Redburn decreased their target price on Comcast from $44.00 to $35.00 in a report on Friday, June 20th. One research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Comcast has a consensus rating of “Hold” and a consensus price target of $39.94.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $29.46 on Monday. Comcast Corporation has a fifty-two week low of $29.42 and a fifty-two week high of $45.31. The company has a 50 day simple moving average of $32.48 and a two-hundred day simple moving average of $33.90. The company has a market capitalization of $108.77 billion, a price-to-earnings ratio of 4.87, a P/E/G ratio of 1.74 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company had revenue of $30.34 billion during the quarter. Analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. Comcast’s dividend payout ratio (DPR) is presently 21.82%.

Comcast 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.