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

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

Other hedge funds have also bought and sold shares of the company. Dodge & Cox boosted its stake in shares of Comcast by 19.1% in the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after acquiring an additional 15,115,074 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Comcast by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock valued at $1,240,955,000 after acquiring an additional 926,663 shares during the last quarter. Nuveen LLC bought a new position in Comcast during the first quarter valued at $940,015,000. Harris Associates L P lifted its holdings in shares of Comcast by 0.5% in the 1st quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock valued at $759,938,000 after acquiring an additional 111,662 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of Comcast by 2.2% in the 1st quarter. Raymond James Financial Inc. now owns 20,243,358 shares of the cable giant’s stock valued at $746,980,000 after acquiring an additional 427,705 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 2.1%

Shares of CMCSA opened at $29.46 on Monday. Comcast Corporation has a 1-year low of $29.42 and a 1-year high of $45.31. The company has a 50-day moving average of $32.48 and a 200 day moving average of $33.90. The firm has a market capitalization of $108.77 billion, a price-to-earnings ratio of 4.87, a PEG ratio of 1.74 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91.

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

Comcast Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently commented on CMCSA. Arete Research raised shares of Comcast to a “hold” rating in a report on Tuesday, July 8th. The Goldman Sachs Group lowered their price objective on Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, September 24th. Royal Bank Of Canada initiated coverage on Comcast in a research report on Monday, September 8th. They issued a “sector perform” rating and a $38.00 price target for the company. 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. Finally, Barclays lowered their price target on Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.