PFG Advisors Has $486,000 Position in Comcast Co. (NASDAQ:CMCSA)

PFG Advisors grew its position in shares of Comcast Co. (NASDAQ:CMCSAGet Rating) by 43.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,398 shares of the cable giant’s stock after acquiring an additional 3,763 shares during the quarter. PFG Advisors’ holdings in Comcast were worth $486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of CMCSA. Rise Advisors LLC purchased a new position in Comcast during the 4th quarter worth $36,000. Exane Derivatives raised its stake in shares of Comcast by 566.7% during the 1st quarter. Exane Derivatives now owns 900 shares of the cable giant’s stock worth $42,000 after purchasing an additional 765 shares during the period. Pacifica Partners Inc. raised its stake in shares of Comcast by 33.8% during the 1st quarter. Pacifica Partners Inc. now owns 989 shares of the cable giant’s stock worth $46,000 after purchasing an additional 250 shares during the period. Disciplined Investments LLC raised its stake in shares of Comcast by 47.8% during the 1st quarter. Disciplined Investments LLC now owns 1,011 shares of the cable giant’s stock worth $47,000 after purchasing an additional 327 shares during the period. Finally, Parkside Investments LLC bought a new stake in shares of Comcast during the 1st quarter worth $48,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Performance

Shares of CMCSA stock opened at $32.47 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.88. Comcast Co. has a fifty-two week low of $32.30 and a fifty-two week high of $57.96. The stock has a 50 day moving average price of $37.73 and a two-hundred day moving average price of $41.37. The company has a market capitalization of $143.30 billion, a P/E ratio of 10.61, a PEG ratio of 0.69 and a beta of 0.90.

Comcast (NASDAQ:CMCSAGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The cable giant reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.09. Comcast had a return on equity of 16.67% and a net margin of 11.54%. The firm had revenue of $30.02 billion during the quarter, compared to the consensus estimate of $29.72 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. Analysts expect that Comcast Co. will post 3.62 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be given a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.08 annualized dividend and a yield of 3.33%. Comcast’s payout ratio is currently 35.29%.

Analyst Ratings Changes

A number of research firms have recently commented on CMCSA. Rosenblatt Securities lowered their target price on Comcast from $40.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, August 1st. Barclays lowered their target price on Comcast to $42.00 in a research note on Tuesday, August 9th. Wells Fargo & Company lowered their price objective on Comcast from $37.00 to $36.00 and set an “underweight” rating on the stock in a research note on Monday, September 12th. JPMorgan Chase & Co. cut Comcast from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $52.00 to $45.00 in a research note on Friday, July 29th. Finally, StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Comcast has an average rating of “Hold” and an average target price of $51.75.

About Comcast

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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

See Also

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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