Comcast Co. (NASDAQ:CMCSA) Shares Bought by Linscomb Wealth Inc.

Linscomb Wealth Inc. lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 0.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 201,701 shares of the cable giant’s stock after buying an additional 831 shares during the period. Linscomb Wealth Inc.’s holdings in Comcast were worth $7,899,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Bollard Group LLC grew its position in shares of Comcast by 0.7% in the 4th quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock worth $1,622,000 after acquiring an additional 244 shares in the last quarter. Tortoise Investment Management LLC increased its stake in Comcast by 4.5% during the fourth quarter. Tortoise Investment Management LLC now owns 5,801 shares of the cable giant’s stock valued at $254,000 after purchasing an additional 249 shares during the last quarter. Verum Partners LLC raised its holdings in shares of Comcast by 4.9% during the second quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock worth $222,000 after purchasing an additional 267 shares during the period. L.M. Kohn & Company lifted its position in shares of Comcast by 3.5% in the 4th quarter. L.M. Kohn & Company now owns 7,996 shares of the cable giant’s stock worth $351,000 after buying an additional 270 shares during the last quarter. Finally, Mcdonald Partners LLC boosted its holdings in shares of Comcast by 1.4% in the 1st quarter. Mcdonald Partners LLC now owns 19,591 shares of the cable giant’s stock valued at $849,000 after buying an additional 270 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of CMCSA opened at $39.14 on Wednesday. The company has a market capitalization of $151.57 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 1.05 and a beta of 1.01. 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 one year low of $36.43 and a one year high of $47.11. The company’s fifty day moving average price is $39.29 and its 200 day moving average price is $39.78.

Comcast (NASDAQ:CMCSA) last released its earnings results 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 firm had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. During the same period in the prior year, the company earned $1.13 EPS. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. As a group, analysts expect that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.17%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several recent research reports. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price for the company. in a report on Tuesday, June 11th. Pivotal Research dropped their price objective on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. The Goldman Sachs Group assumed coverage on shares of Comcast in a research report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 target price for the company. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 4th. Finally, Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.78.

About Comcast

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.