Focus Financial Network Inc. Has $329,000 Stock Position in Comcast Co. (NASDAQ:CMCSA)

Focus Financial Network Inc. raised its position in Comcast Co. (NASDAQ:CMCSA) by 6.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 8,097 shares of the cable giant’s stock after acquiring an additional 508 shares during the period. Focus Financial Network Inc.’s holdings in Comcast were worth $329,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC bought a new stake in shares of Comcast during the 2nd quarter valued at $128,000. Sanibel Captiva Trust Company Inc. lifted its stake in shares of Comcast by 0.9% in the 2nd quarter. Sanibel Captiva Trust Company Inc. now owns 403,664 shares of the cable giant’s stock valued at $15,807,000 after acquiring an additional 3,461 shares during the last quarter. LongView Wealth Management lifted its stake in shares of Comcast by 29.7% in the 2nd quarter. LongView Wealth Management now owns 10,870 shares of the cable giant’s stock valued at $426,000 after acquiring an additional 2,491 shares during the last quarter. Carnegie Investment Counsel lifted its stake in shares of Comcast by 1.2% in the 2nd quarter. Carnegie Investment Counsel now owns 128,419 shares of the cable giant’s stock valued at $5,029,000 after acquiring an additional 1,574 shares during the last quarter. Finally, Cidel Asset Management Inc. raised its position in Comcast by 3.9% during the 2nd quarter. Cidel Asset Management Inc. now owns 60,819 shares of the cable giant’s stock valued at $2,382,000 after purchasing an additional 2,277 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the topic of several recent analyst reports. Citigroup cut their target price on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of Comcast in a research note on Monday, May 13th. Barclays dropped their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Wells Fargo & Company dropped their price target on Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $45.78.

Comcast Stock Down 0.2 %

CMCSA stock traded down $0.09 during trading on Wednesday, hitting $39.94. 3,073,081 shares of the company’s stock traded hands, compared to its average volume of 20,142,555. The firm has a market capitalization of $156.71 billion, a P/E ratio of 10.59, a PEG ratio of 1.07 and a beta of 1.00. The business has a fifty day simple moving average of $38.78 and a two-hundred day simple moving average of $40.06. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.30.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $30.02 billion. During the same period in the previous year, the company earned $1.13 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. Sell-side analysts anticipate that Comcast Co. will post 4.23 EPS for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders 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 dividend yield of 3.10%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

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.