Prevail Innovative Wealth Advisors LLC Buys 12,995 Shares of Comcast Co. (NASDAQ:CMCSA)

Prevail Innovative Wealth Advisors LLC boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 25.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,631 shares of the cable giant’s stock after acquiring an additional 12,995 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in Comcast were worth $2,531,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CMCSA. Steph & Co. lifted its holdings in shares of Comcast by 154.6% during the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after acquiring an additional 371 shares during the period. Strategic Financial Concepts LLC acquired a new position in Comcast in the second quarter worth about $27,000. OLD Point Trust & Financial Services N A bought a new position in Comcast during the fourth quarter worth about $28,000. 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 valued at $30,000 after purchasing an additional 522 shares in the last quarter. Finally, Pineridge Advisors LLC bought a new stake in shares of Comcast in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 1.6 %

NASDAQ CMCSA opened at $39.31 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The stock has a market capitalization of $154.24 billion, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 1.05 and a beta of 1.01. The stock has a fifty day moving average of $39.33 and a 200-day moving average of $39.77.

Comcast (NASDAQ:CMCSA) last released its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company 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 company posted $1.13 EPS. The company’s revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s payout ratio is 32.80%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CMCSA shares. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 4th. Pivotal Research reduced their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, July 24th. Finally, KeyCorp dropped their price objective 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 equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.