Capital Advisors Inc. OK Raises Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Capital Advisors Inc. OK raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 3.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,904 shares of the cable giant’s stock after acquiring an additional 276 shares during the period. Capital Advisors Inc. OK’s holdings in Comcast were worth $339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rockbridge Investment Management LCC purchased a new stake in shares of Comcast during the 2nd quarter worth approximately $29,000. Asset Advisors Investment Management LLC purchased a new stake in shares of Comcast during the 2nd quarter worth approximately $32,000. Evolution Wealth Advisors LLC raised its holdings in Comcast by 68.5% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 841 shares of the cable giant’s stock valued at $33,000 after buying an additional 342 shares during the period. Financial Management Professionals Inc. purchased a new stake in Comcast during the 2nd quarter valued at $33,000. Finally, Campbell Wealth Management purchased a new stake in Comcast during the 2nd quarter valued at $39,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Shares of CMCSA traded up $0.35 during midday trading on Wednesday, reaching $46.81. 23,778,650 shares of the stock were exchanged, compared to its average volume of 22,669,301. Comcast Co. has a 52 week low of $31.70 and a 52 week high of $47.74. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.25. The company’s 50 day moving average is $43.75 and its two-hundred day moving average is $39.85. The company has a market capitalization of $212.23 billion, a P/E ratio of 19.01, a PEG ratio of 1.94 and a beta of 0.95.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 30th. The cable giant reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.14. Comcast had a return on equity of 16.66% and a net margin of 10.91%. The company had revenue of $23.72 billion for the quarter, compared to the consensus estimate of $23.56 billion. During the same quarter last year, the company earned $0.78 earnings per share. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. On average, sell-side analysts expect that Comcast Co. will post 2.41 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Tuesday, October 6th. Comcast’s payout ratio is currently 29.39%.

In related news, CEO Jeff Shell sold 99,484 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $42.91, for a total transaction of $4,268,858.44. 1.14% of the stock is owned by company insiders.

Several research firms recently weighed in on CMCSA. Citigroup increased their price target on Comcast from $48.00 to $49.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Benchmark restated a “buy” rating and set a $54.00 price target on shares of Comcast in a report on Friday, May 22nd. Sanford C. Bernstein raised Comcast from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $48.00 to $52.00 in a research report on Wednesday, July 1st. BidaskClub raised Comcast from a “hold” rating to a “buy” rating in a research report on Friday, September 11th. Finally, Guggenheim downgraded Comcast from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 19th. Nine analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $48.77.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

See Also: The benefits and drawbacks of dollar cost averaging

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

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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