Arkadios Wealth Advisors Boosts Position in Comcast Corporation $CMCSA

Arkadios Wealth Advisors raised its stake in Comcast Corporation (NASDAQ:CMCSA) by 67.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,878 shares of the cable giant’s stock after purchasing an additional 18,007 shares during the period. Arkadios Wealth Advisors’ holdings in Comcast were worth $1,602,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Dodge & Cox raised its stake in Comcast by 19.1% during the 1st 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 in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Comcast by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock worth $1,240,955,000 after purchasing an additional 926,663 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Comcast during the first quarter worth about $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 purchasing an additional 111,662 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its position 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 purchasing an additional 427,705 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of research reports. Scotiabank reduced their price objective on Comcast from $45.50 to $41.50 and set a “sector perform” rating for the company in a research note on Friday. Evercore ISI cut their target price on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday. Williams Trading set a $40.00 price target on shares of Comcast in a research note on Friday. Arete Research raised shares of Comcast to a “hold” rating in a research report on Tuesday, July 8th. Finally, Pivotal Research reduced their target price on shares of Comcast from $40.00 to $36.00 and set a “buy” rating for the company in a report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $37.05.

Comcast Stock Up 1.9%

Shares of Comcast stock opened at $27.83 on Friday. Comcast Corporation has a one year low of $25.75 and a one year high of $45.31. The company has a market cap of $102.75 billion, a P/E ratio of 4.63, a PEG ratio of 1.62 and a beta of 0.94. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.91 and a current ratio of 0.88. The firm has a fifty day moving average of $31.40 and a two-hundred day moving average of $33.33.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The firm had revenue of $30.34 billion during the quarter. On average, analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio is currently 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.