VCI Wealth Management LLC Purchases 3,632 Shares of Comcast Corporation $CMCSA

VCI Wealth Management LLC boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 13.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,901 shares of the cable giant’s stock after buying an additional 3,632 shares during the quarter. VCI Wealth Management LLC’s holdings in Comcast were worth $1,067,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after purchasing an additional 99,986 shares during the period. Inlight Wealth Management LLC purchased a new position in Comcast during the 1st quarter valued at $26,000. Live Oak Private Wealth LLC increased its position in Comcast by 47.0% during the 1st quarter. Live Oak Private Wealth LLC now owns 63,847 shares of the cable giant’s stock valued at $2,356,000 after purchasing an additional 20,416 shares during the period. Flagship Harbor Advisors LLC increased its position in Comcast by 2.6% during the 1st quarter. Flagship Harbor Advisors LLC now owns 40,051 shares of the cable giant’s stock valued at $1,478,000 after purchasing an additional 1,025 shares during the period. Finally, Palumbo Wealth Management LLC increased its position in Comcast by 43.6% during the 1st quarter. Palumbo Wealth Management LLC now owns 65,772 shares of the cable giant’s stock valued at $2,427,000 after purchasing an additional 19,982 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Loop Capital reduced their price objective on shares of Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, October 1st. Rosenblatt Securities reduced their price objective on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research report on Tuesday, October 14th. Morgan Stanley set a $35.00 price objective on shares of Comcast and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Finally, KeyCorp reduced their target price on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating on the stock in a research report on Friday, October 3rd. One 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $39.76.

Comcast Stock Up 0.1%

NASDAQ:CMCSA opened at $29.57 on Tuesday. The firm’s 50-day moving average price is $32.19 and its 200-day moving average price is $33.63. The company has a market capitalization of $109.18 billion, a PE ratio of 4.89, a P/E/G ratio of 1.75 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 Corporation has a 1-year low of $29.15 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA) last released its 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 for the quarter. On average, equities analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

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

About Comcast

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.