Jackson Wealth Management LLC purchased a new stake in Comcast Corporation (NASDAQ:CMCSA) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,340 shares of the cable giant’s stock, valued at approximately $538,000.

A number of other hedge funds also recently bought and sold shares of CMCSA. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Comcast Corporation by 100.0% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after acquiring an additional 1,340 shares during the period. First Bank & Trust boosted its stake in shares of Comcast Corporation by 84.9% during the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after acquiring an additional 1,302 shares during the period. Zions Bancorporation boosted its stake in shares of Comcast Corporation by 16.8% during the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after acquiring an additional 410 shares during the period. Founders Capital Management bought a new position in shares of Comcast Corporation during the 1st quarter worth approximately $113,000. Finally, Pacific Center for Financial Services boosted its stake in shares of Comcast Corporation by 133.0% during the 1st quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock worth $118,000 after acquiring an additional 1,788 shares during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Several brokerages have recently commented on CMCSA. Robert W. Baird reiterated a “buy” rating and set a $43.00 target price on shares of Comcast Corporation in a research note on Friday. Guggenheim upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $42.00 to $46.00 in a research note on Thursday, August 3rd. Moffett Nathanson upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, September 12th. They noted that the move was a valuation call. ValuEngine downgraded Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Barclays PLC reduced their target price on Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. Three analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. Comcast Corporation has a consensus rating of “Buy” and a consensus price target of $45.84.

Comcast Corporation (NASDAQ:CMCSA) opened at $36.16 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. Comcast Corporation has a fifty-two week low of $33.97 and a fifty-two week high of $42.18. The company has a market capitalization of $169,003.56, a price-to-earnings ratio of 17.95, a PEG ratio of 1.87 and a beta of 1.00.

Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Comcast Corporation had a return on equity of 17.17% and a net margin of 11.99%. The company had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. During the same quarter in the previous year, the firm earned $0.92 EPS. Comcast Corporation’s revenue was down 1.6% on a year-over-year basis. research analysts expect that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.74%. Comcast Corporation’s dividend payout ratio (DPR) is currently 30.36%.

In other news, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the completion of the transaction, the executive vice president now owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the transaction, the director now directly owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by insiders.

COPYRIGHT VIOLATION NOTICE: This news story was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/11/19/jackson-wealth-management-llc-purchases-new-position-in-comcast-corporation-cmcsa.html.

Comcast Corporation Company Profile

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.

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Corporation (NASDAQ:CMCSA).

Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

Receive News & Stock Ratings for Comcast Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast Corporation and related stocks with our FREE daily email newsletter.