Comprehensive Financial Consultants Institutional Inc. Buys 8,498 Shares of Comcast Corporation $CMCSA

Comprehensive Financial Consultants Institutional Inc. boosted its stake in Comcast Corporation (NASDAQ:CMCSA) by 7.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,329 shares of the cable giant’s stock after acquiring an additional 8,498 shares during the period. Comcast accounts for 1.4% of Comprehensive Financial Consultants Institutional Inc.’s investment portfolio, making the stock its 19th largest holding. Comprehensive Financial Consultants Institutional Inc.’s holdings in Comcast were worth $4,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after buying an additional 99,986 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Comcast by 24.2% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,442 shares of the cable giant’s stock worth $459,000 after buying an additional 2,422 shares in the last quarter. Vest Financial LLC boosted its holdings in shares of Comcast by 76.6% during the 1st quarter. Vest Financial LLC now owns 68,759 shares of the cable giant’s stock worth $2,537,000 after buying an additional 29,822 shares in the last quarter. Pines Wealth Management LLC boosted its holdings in shares of Comcast by 27.6% during the 1st quarter. Pines Wealth Management LLC now owns 11,092 shares of the cable giant’s stock worth $409,000 after buying an additional 2,401 shares in the last quarter. Finally, Sivia Capital Partners LLC boosted its holdings in shares of Comcast by 5.6% during the 1st quarter. Sivia Capital Partners LLC now owns 10,981 shares of the cable giant’s stock worth $405,000 after buying an additional 582 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Scotiabank increased their price target on Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a report on Friday, July 11th. Barclays cut their price target on Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. KeyCorp lowered their target price on Comcast from $45.00 to $43.00 and set an “overweight” rating on the stock in a research report on Friday. Rothschild & Co Redburn lowered their target price on Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Finally, Rosenblatt Securities upped their target price on Comcast from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $40.26.

Comcast Trading Up 1.6%

NASDAQ CMCSA opened at $30.90 on Monday. The firm has a market capitalization of $114.09 billion, a P/E ratio of 5.11, a PEG ratio of 1.81 and a beta of 0.94. The business has a fifty day simple moving average of $32.73 and a 200 day simple moving average of $34.13. Comcast Corporation has a 12 month low of $30.38 and a 12 month high of $45.31. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. The business had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%.Comcast’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.21 EPS. On average, analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s dividend payout ratio is presently 21.82%.

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.