CreativeOne Wealth LLC Acquires 25,921 Shares of Comcast Co. (NASDAQ:CMCSA)

CreativeOne Wealth LLC lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 226.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 37,391 shares of the cable giant’s stock after purchasing an additional 25,921 shares during the period. CreativeOne Wealth LLC’s holdings in Comcast were worth $1,562,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. Fairscale Capital LLC purchased a new position in Comcast during the second quarter worth about $26,000. McClarren Financial Advisors Inc. boosted its holdings in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares during the last quarter. Iron Horse Wealth Management LLC boosted its holdings in Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after purchasing an additional 522 shares during the last quarter. IAG Wealth Partners LLC boosted its holdings in Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after purchasing an additional 522 shares during the last quarter. Finally, Archer Investment Corp boosted its holdings in Comcast by 177.1% during the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after purchasing an additional 519 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CMCSA shares. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Wednesday, November 6th. Benchmark reiterated a “buy” rating and issued a $60.00 target price on shares of Comcast in a research note on Tuesday, November 19th. Macquarie boosted their target price on shares of Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Finally, Barclays boosted their target price on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and a consensus target price of $47.19.

Comcast Stock Performance

Shares of CMCSA stock opened at $42.56 on Friday. The firm’s 50 day moving average is $42.23 and its 200 day moving average is $40.14. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $162.86 billion, a P/E ratio of 11.44, a PEG ratio of 1.63 and a beta of 1.00. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Comcast’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.08 EPS. On average, sell-side analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

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.