CVA Family Office LLC Has $1.04 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

by · The Cerbat Gem

CVA Family Office LLC grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA – Free Report) by 3.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,925 shares of the cable giant’s stock after buying an additional 836 shares during the period. CVA Family Office LLC’s holdings in Comcast were worth $1,041,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Voisard Asset Management Group Inc. bought a new position in shares of Comcast during the 4th quarter worth approximately $100,000. Able Wealth Management LLC bought a new position in shares of Comcast during the 4th quarter worth approximately $43,000. Scarborough Advisors LLC bought a new position in shares of Comcast during the 4th quarter worth approximately $62,000. Tortoise Investment Management LLC lifted its position in shares of Comcast by 4.5% during the 4th quarter. Tortoise Investment Management LLC now owns 5,801 shares of the cable giant’s stock worth $254,000 after buying an additional 249 shares in the last quarter. Finally, Pineridge Advisors LLC bought a new position in shares of Comcast during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Comcast stock traded up $0.16 during mid-day trading on Friday, reaching $41.26. 10,447,759 shares of the company traded hands, compared to its average volume of 19,735,881. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The company has a market capitalization of $161.89 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The firm’s fifty day moving average is $39.99 and its two-hundred day moving average is $39.48.

Comcast (NASDAQ:CMCSA – Get Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. During the same period in the prior year, the firm earned $1.13 EPS. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities research analysts expect that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group began coverage on shares of Comcast in a research note on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target for the company. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday, July 24th. Pivotal Research cut their price target on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Macquarie reissued a “neutral” rating and issued a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. Finally, KeyCorp cut their price target on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $45.55.

Get Our Latest Stock Analysis on Comcast

Comcast Company Profile

(Free Report)

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.

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