J.W. Cole Advisors Inc. Buys 23,027 Shares of Comcast Corporation $CMCSA

J.W. Cole Advisors Inc. lifted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 20.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,524 shares of the cable giant’s stock after acquiring an additional 23,027 shares during the period. J.W. Cole Advisors Inc.’s holdings in Comcast were worth $4,801,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. North Star Asset Management Inc. increased its stake in shares of Comcast by 8.9% during the second quarter. North Star Asset Management Inc. now owns 31,071 shares of the cable giant’s stock valued at $1,109,000 after buying an additional 2,540 shares during the period. Verity & Verity LLC lifted its position in Comcast by 1.2% during the second quarter. Verity & Verity LLC now owns 431,538 shares of the cable giant’s stock valued at $15,402,000 after purchasing an additional 5,322 shares during the period. Laurel Wealth Advisors LLC boosted its stake in shares of Comcast by 3,469.1% in the second quarter. Laurel Wealth Advisors LLC now owns 44,185 shares of the cable giant’s stock worth $1,577,000 after buying an additional 42,947 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Comcast during the 2nd quarter worth approximately $1,016,000. Finally, Aviso Financial Inc. increased its holdings in Comcast by 7.9% in the 2nd quarter. Aviso Financial Inc. now owns 5,934 shares of the cable giant’s stock worth $212,000 after acquiring an additional 436 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ:CMCSA opened at $26.57 on Thursday. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $43.45. The firm has a 50-day moving average of $29.13 and a two-hundred day moving average of $32.46. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market cap of $96.82 billion, a P/E ratio of 4.42, a PEG ratio of 1.83 and a beta of 0.92.

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

Comcast Dividend Announcement

The firm also recently announced 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 5.0%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is presently 21.96%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Daiwa Capital Markets lowered their price objective on Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 18th. Pivotal Research decreased their price target on shares of Comcast from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, October 31st. BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research note on Tuesday, November 4th. Bank of America cut their target price on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Finally, Scotiabank dropped their price target on shares of Comcast from $45.50 to $41.50 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Hold” and an average price target of $35.92.

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.